El Paso Electric Technical Analysis (NYSE:EE)

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$63.9 $0.8 (1.27%) EE stock closing price Aug 17, 2018 (Closing)

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. Just by looking at the El Paso Electric 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 EE stock chart which creates a trading signal.

View technical indicators like moving averages - SMA and EMA, and bollinger bands for El Paso Electric. Technical analysis uses an approach for El Paso Electric stock analysis that does not care for the fair value of a company but uses price and volume data only.

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El Paso Electric Moving Average

Moving averages show the average price of EE 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 El Paso Electric are mostly signals of long term trends and will help long term traders.

El Paso Electric Bollinger Bands

Bollinger bands consist of two price bands above and below a center line for any company stock like El Paso Electric. 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 El Paso Electric bollinger bands.

El Paso Electric Moving Average Convergence Divergence or MACD

The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The El Paso Electric MACD line is above the signal line.

El Paso Electric 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 EE stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.