SPX Corp Technical Analysis (NYSE:SPXC)
Technical chart patterns are studied in depth by people who strongly believe in technical analysis. These type of investors who look at trading charts or technical stock charts are usually traders rather than value investors. The SPX Corp stock price data and volume are plotted in SPXC stock charts and these trading charts form the basis of technical analysis.
You can view Simple Moving Average (SMA 20 day, 50 day & 100 day), Exponential Moving Average (EMA 20 day, 50 day & 100 day) charts, and Bollinger Bands for SPX Corp. Technical analysis uses an approach for SPX Corp stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
SPX Corp Moving Average:
Moving averages help predict the price direction of SPXC stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. One needs to choose the duration of a moving average depending on the investment objective and investment horizon. For periods greater than 100, it takes a larger and longer SPXC stock price movement for the moving average to change course.
SPX Corp Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of SPX Corp stock price relative to previous trades. Currently the stock price of $25.04 is in the upper range of SPX Corp bollinger bands.
SPX Corp 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 SPX Corp MACD indicator is below 0 indicating a bearish trend.
SPX Corp Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. 79.75 is the RSI value of SPXC stock. .