PEABODY ENERGY Technical Analysis (NYSE:BTU)
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 BTU stock chart pattern can give those who understand technical analysis an indication of which way BTU stock is headed, but cannot predict with 100% certainty as to what can happen to the PEABODY ENERGY stock price.
See PEABODY ENERGY bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of PEABODY ENERGY stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
PEABODY ENERGY Moving Average
Moving averages help predict the price direction of BTU stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $44.77 is above the price of $44.34.
PEABODY ENERGY 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 BTU stock. The stock price is trading between the average and the lower band in the context of PEABODY ENERGY bollinger bands.
PEABODY 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 PEABODY ENERGY MACD indicator is below 0 indicating a bearish trend.
PEABODY ENERGY 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 BTU stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.