UFP Technologies Technical Analysis (NASDAQ:UFPT)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The UFPT stock chart pattern can give those who understand technical analysis an indication of which way UFPT stock is headed, but cannot predict with 100% certainty as to what can happen to the UFP Technologies stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for UFP Technologies. Technical analysis uses an approach for UFP Technologies stock analysis that does not care for the fair value of a company but uses price and volume data only.
UFP Technologies Moving Average
Moving averages show the UFPT 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. The 20 day moving average of $29.21 is below the last closing price of $30 and the 50 day moving average of $28.94 is below the last closing price of $30. The 10 and 20 day periods can predict short term moving average trends.
UFP Technologies Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like UFP Technologies. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. UFP Technologies bollinger bands show that the stock price is $30, upper band is 31.09, lower band is 27.33, and the average is 29.21.
UFP Technologies 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 UFP Technologies MACD line is above the signal line.
UFP Technologies 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 . 74.49 is the RSI value of UFPT stock.