Enbridge Energy Management Technical Analysis (NYSE:EEQ)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The EEQ stock chart pattern can give those who understand technical analysis an indication of which way EEQ stock is headed, but cannot predict with 100% certainty as to what can happen to the Enbridge Energy Management stock price.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Enbridge Energy Management. 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 Management stock analysis.
Enbridge Energy Management Moving Average
Moving averages help predict the price direction of EEQ stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $10.66 is above the last closing price of $10.62 and the 50 day moving average of $10.17 is below the last closing price of $10.62. The 10 and 20 day periods can predict short term moving average trends.
Enbridge Energy Management Bollinger Bands
Bollinger bands comprise of a center line usually EEQ SMA, and two EEQ 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. Enbridge Energy Management bollinger bands show that the stock price is $10.62, upper band is 11, lower band is 10.32, and the average is 10.66.
Enbridge Energy Management 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 Enbridge Energy Management MACD indicator is above 0 indicating a bullish trend.
Enbridge Energy Management 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 EEQ stock is 51.16.