ECA Marcellus Trust I Technical Analysis (NYSE:ECT)
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 ECA Marcellus Trust I stock price data and volume are plotted in ECT stock charts and these trading charts form the basis of technical analysis.
See ECA Marcellus Trust I bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. 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 ECA Marcellus Trust I stock analysis.
ECA Marcellus Trust I Moving Average
Moving averages show the ECT 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 $1.91 is below the last closing price of $1.95 and the 50 day moving average of $1.96 is above the last closing price of $1.95. The 10 and 20 day periods can predict short term moving average trends.
ECA Marcellus Trust I Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like ECA Marcellus Trust I. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the upper band in the context of ECA Marcellus Trust I bollinger bands.
ECA Marcellus Trust I 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 ECA Marcellus Trust I MACD indicator is below 0 indicating a bearish trend.
ECA Marcellus Trust I 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 . 50 is the RSI value of ECT stock.