Resolute Forest Products Technical Analysis (NYSE:RFP)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the Resolute Forest Products 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 RFP stock chart which creates a trading signal.
See Resolute Forest Products bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Resolute Forest Products stock analysis.
Resolute Forest Products Moving Average
Moving averages show the RFP 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 $14.13 is above the price of $13.8.
Resolute Forest Products Bollinger Bands
Bollinger bands comprise of a center line usually RFP SMA, and two RFP 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 $13.8 is in the lower range of Resolute Forest Products bollinger bands.
Resolute Forest Products 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 Resolute Forest Products MACD indicator is above 0 indicating a bullish trend.
Resolute Forest Products Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. The relative strength index of RFP stock is 52.11.