Question 1

What implications does the 10-day RSI indicator have for FND?

Accepted Answer

The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.

Question 2

What does the Stochastic Oscillator suggest about FND's trend?

Accepted Answer

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 7 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Question 3

What is the significance of the 50-day moving average indicator for FND?

Accepted Answer

FND moved above its 50-day moving average on August 13, 2024 date and that indicates a change from a downward trend to an upward trend.

Question 4

What is the significance of the 10-day moving average indicator for FND?

Accepted Answer

The 10-day moving average for FND crossed bullishly above the 50-day moving average on August 19, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In 14 of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 0%.

Question 5

What does a 3-day price advance indicate for FND?

Accepted Answer

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where FND advanced for three days, in 233 of 321 cases, the price rose further within the following month. The odds of a continued upward trend are 73%.

Question 6

What does FND breaking above its upper Bollinger Band indicate?

Accepted Answer

FND broke above its upper Bollinger Band on August 15, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

FND Stock Floor & Decor Holdings (FND, $120) price moved above its 50-day Moving Average on June 05, 2024

FND in +3.26% Uptrend, growing for three consecutive days on August 09, 2024

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