Ferguson plc (FERG) Technical Analysis

Ferguson plc, also known as FERG, is a company that specializes in distributing plumbing and heating products to the construction industry. In this technical analysis, we will examine various indicators and tools that can help investors make informed decisions about Ferguson plc stock. One such indicator is the Relative Strength Index (RSI), which measures the speed and change of stock price movements. By analyzing the RSI, investors can determine whether the stock is overbought or oversold. Another indicator is the Average Directional Index (ADX), which measures the strength of a stock's trend. A high ADX value indicates a strong trend, while a low value suggests a weak trend.

Moving Average Convergence Divergence (MACD) is another valuable tool for technical analysis. It consists of two lines, the MACD line and the signal line. By comparing these lines, investors can identify potential buy or sell signals. Rate of Change (ROC) is yet another useful indicator. ROC measures the percentage change in stock price over a specified period. A positive ROC indicates price appreciation, while a negative ROC suggests price depreciation. Stochastic Relative Strength Index (STOCHRSI) is a combination of two popular indicators, stochastic oscillator and RSI. It helps identify oversold or overbought conditions in the stock. Lastly, the Williams %R (WILLR) indicator is used to determine when a stock is overbought or oversold. It measures the stock's close relative to its high-low range over a specified period.