Engility Technical Analysis (NYSE:EGL)
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. The Engility stock price data and volume are plotted in EGL stock charts and these trading charts form the basis of technical analysis.
See Engility bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis uses an approach for Engility stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
Engility Moving Average:
EGL stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of Engility chart patterns after the calculations remain the same. The 100 day moving average of 75.69 is below the last closing price of 38.9. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $76.25 is below the price of $38.9.
Engility Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of Engility stock price relative to previous trades. The stock price is trading between the average and the lower band in the context of Engility bollinger bands.
Engility 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 Engility MACD indicator is below 0 indicating a bearish trend.
Engility Relative Strength Index:
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 74.32 is the RSI value of EGL stock. .