BP Prudhoe Bay Royalty Trust Technical Analysis (NYSE:BPT)
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 BPT stock chart pattern can give those who understand technical analysis an indication of which way BPT stock is headed, but cannot predict with 100% certainty as to what can happen to the BP Prudhoe Bay Royalty Trust stock price.
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 BP Prudhoe Bay Royalty Trust. 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 BP Prudhoe Bay Royalty Trust stock analysis.
BP Prudhoe Bay Royalty Trust Moving Average
Moving averages show the BPT 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. The 20 day moving average of $28.23 is below the last closing price of $29.55 and the 50 day moving average of $28.5 is below the last closing price of $29.55. The 10 and 20 day periods can predict short term moving average trends.
BP Prudhoe Bay Royalty Trust 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 BPT stock. Currently the stock price of $29.55 is in the upper range of BP Prudhoe Bay Royalty Trust bollinger bands.
BP Prudhoe Bay Royalty Trust 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 BP Prudhoe Bay Royalty Trust MACD indicator is below 0 indicating a bearish trend.
BP Prudhoe Bay Royalty Trust Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of BPT stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.