Eclipse Resources Technical Analysis (NYSE:ECR)
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 Eclipse Resources stock price data and volume are plotted in ECR stock charts and these trading charts form the basis of technical analysis.
See Eclipse Resources bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Eclipse Resources stock analysis that does not care for the fair value of a company but uses price and volume data only.
Eclipse Resources Moving Average
Moving averages show the average price of ECR stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $1.97 is above the price of $1.66.
Eclipse Resources Bollinger Bands
Bollinger bands comprise of a center line usually ECR SMA, and two ECR stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $1.66 is in the lower range of Eclipse Resources bollinger bands.
Eclipse Resources 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 Eclipse Resources MACD indicator is below 0 indicating a bearish trend.
Eclipse Resources Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . The relative strength index of ECR stock is 18.42.