EnLink Midstream Partners Technical Analysis (NYSE:ENLK)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the EnLink Midstream Partners 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 ENLK stock chart which creates a trading signal.
See EnLink Midstream Partners 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 EnLink Midstream Partners stock analysis.
EnLink Midstream Partners Moving Average
Moving averages show the ENLK 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 $16.94 is below the last closing price of $17.97 and the 50 day moving average of $16.25 is below the last closing price of $17.97. The 10 and 20 day periods can predict short term moving average trends.
EnLink Midstream Partners Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like EnLink Midstream Partners. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. EnLink Midstream Partners bollinger bands show that the stock price is $17.97, upper band is 18.97, lower band is 14.92, and the average is 16.94.
EnLink Midstream Partners 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 EnLink Midstream Partners MACD indicator can be used to identify bullish and bearish trends for the stock.
EnLink Midstream Partners Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 75.16 is the RSI value of ENLK stock.