Bonanza Creek Energy Technical Analysis (NYSE:BCEI)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The Bonanza Creek Energy stock price data and volume are plotted in BCEI stock charts and these trading charts form the basis of technical analysis.
See Bonanza Creek Energy bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Bonanza Creek Energy stock analysis.
Bonanza Creek Energy Moving Average
Moving averages help predict the price direction of BCEI stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $35.49 is above the last closing price of $31.87 and the 50 day moving average of $35.16 is above the last closing price of $31.87. The 10 and 20 day periods can predict short term moving average trends.
Bonanza Creek Energy Bollinger Bands
Bollinger bands comprise of a center line usually BCEI SMA, and two BCEI stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $31.87 is in the lower range of Bonanza Creek Energy bollinger bands.
Bonanza Creek Energy 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 Bonanza Creek Energy MACD line is above the signal line.
Bonanza Creek Energy 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 . 23.93 is the RSI value of BCEI stock.