Crestwood Equity Partners Technical Analysis (NYSE:CEQP)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The CEQP stock chart pattern can give those who understand technical analysis an indication of which way CEQP stock is headed, but cannot predict with 100% certainty as to what can happen to the Crestwood Equity Partners 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 Crestwood Equity Partners. 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 Crestwood Equity Partners stock analysis.
Crestwood Equity Partners Moving Average
Moving averages show the average price of CEQP stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Crestwood Equity Partners are mostly signals of long term trends and will help long term traders.
Crestwood Equity Partners Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Crestwood Equity Partners. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $38.85 is in the upper range of Crestwood Equity Partners bollinger bands.
Crestwood Equity Partners 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 Crestwood Equity Partners MACD line is below the signal line.
Crestwood Equity Partners Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of CEQP stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.