Enbridge Energy Technical Analysis (NYSE:EEP)
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 Enbridge Energy stock price data and volume are plotted in EEP stock charts and these trading charts form the basis of technical analysis.
See Enbridge Energy 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 Enbridge Energy stock analysis.
Enbridge Energy Moving Average
Moving averages show the EEP 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. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $11.2 is below the price of $11.21.
Enbridge Energy Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Enbridge Energy. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $11.21 is in the upper range of Enbridge Energy bollinger bands.
Enbridge Energy Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Enbridge Energy MACD indicator is below 0 indicating a bearish trend.
Enbridge Energy 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 EEP stock is 57.47.