Westport Fuel Systems Technical Analysis (NASDAQ:WPRT)
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 WPRT stock chart pattern can give those who understand technical analysis an indication of which way WPRT stock is headed, but cannot predict with 100% certainty as to what can happen to the Westport Fuel Systems stock price.
See Westport Fuel Systems bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Westport Fuel Systems stock analysis that does not care for the fair value of a company but uses price and volume data only.
Westport Fuel Systems Moving Average
Moving averages show the WPRT 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 $3.17 is below the last closing price of $3.21 and the 50 day moving average of $2.81 is below the last closing price of $3.21. The 10 and 20 day periods can predict short term moving average trends.
Westport Fuel Systems Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Westport Fuel Systems. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $3.21 is in the upper range of Westport Fuel Systems bollinger bands.
Westport Fuel Systems Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Westport Fuel Systems MACD indicator is below 0 indicating a bearish trend.
Westport Fuel Systems 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 . The relative strength index of WPRT stock is 57.34.