Gulf Island Fabrication Technical Analysis (NASDAQ:GIFI)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. Just by looking at the Gulf Island Fabrication stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the GIFI stock chart which creates a trading signal.
See Gulf Island Fabrication bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Gulf Island Fabrication stock analysis that does not care for the fair value of a company but uses price and volume data only.
Gulf Island Fabrication Moving Average
Moving averages show the GIFI stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $8.48 is below the price of $10.25.
Gulf Island Fabrication Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Gulf Island Fabrication. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Gulf Island Fabrication bollinger bands show that the stock price is $10.25, upper band is 10.18, lower band is 6.77, and the average is 8.47.
Gulf Island Fabrication Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Gulf Island Fabrication MACD indicator is above 0 indicating a bullish trend.
Gulf Island Fabrication Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . If the RSI of GIFI stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.