SIMPLY GOOD FDS Technical Analysis (NASDAQ:SMPL)
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 SIMPLY GOOD FDS 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 SMPL stock chart which creates a trading signal.
See SIMPLY GOOD FDS bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of SIMPLY GOOD FDS stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
SIMPLY GOOD FDS Moving Average
Moving averages show the SMPL 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 $18.01 is below the price of $18.01.
SIMPLY GOOD FDS Bollinger Bands
Bollinger bands comprise of a center line usually SMPL SMA, and two SMPL 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. SIMPLY GOOD FDS bollinger bands show that the stock price is $18.01, upper band is 18.33, lower band is 17.68, and the average is 18.01.
SIMPLY GOOD FDS 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 SIMPLY GOOD FDS MACD indicator can be used to identify bullish and bearish trends for the stock.
SIMPLY GOOD FDS 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 SMPL stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.