Buckeye Partners Technical Analysis (NYSE:BPL)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. Just by looking at the Buckeye Partners stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the BPL stock chart which creates a trading signal.
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 Buckeye Partners. Technical analysis uses an approach for Buckeye Partners stock analysis that does not care for the fair value of a company but uses price and volume data only.
Buckeye Partners Moving Average
Moving averages show the BPL stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $35.76 is below the price of $36.81.
Buckeye Partners Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the BPL stock. Currently the stock price of $36.81 is in the upper range of Buckeye Partners bollinger bands.
Buckeye Partners Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Buckeye Partners MACD indicator can be used to identify bullish and bearish trends for the stock.
Buckeye Partners 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. If the RSI of BPL stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.