World Fuel Services Technical Analysis (NYSE:INT)
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. The INT stock chart pattern can give those who understand technical analysis an indication of which way INT stock is headed, but cannot predict with 100% certainty as to what can happen to the World Fuel Services stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for World Fuel Services. Technical analysis uses an approach for World Fuel Services stock analysis that does not care for the fair value of a company but uses price and volume data only.
World Fuel Services Moving Average
Moving averages show the INT 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 $22.02 is below the price of $22.63.
World Fuel Services Bollinger Bands
Bollinger bands comprise of a center line usually INT SMA, and two INT stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $22.63 is in the upper range of World Fuel Services bollinger bands.
World Fuel Services Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The World Fuel Services MACD indicator can be used to identify bullish and bearish trends for the stock.
World Fuel Services 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 INT stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.