Callon Petroleum Technical Analysis (NYSE:CPE)
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. Just by looking at the Callon Petroleum 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 CPE stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Callon Petroleum. The technical analysis form of Callon Petroleum stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Callon Petroleum Moving Average
Moving averages show the average price of CPE 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 Callon Petroleum are mostly signals of long term trends and will help long term traders.
Callon Petroleum 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 CPE stock. Currently the stock price of $10.75 is in the lower range of Callon Petroleum bollinger bands.
Callon Petroleum 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 Callon Petroleum MACD indicator is below 0 indicating a bearish trend.
Callon Petroleum 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. The relative strength index of CPE stock is 44.88.