EnerNOC Technical Analysis (NASDAQ:ENOC)
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 EnerNOC stock price data and volume are plotted in ENOC stock charts and these trading charts form the basis of technical analysis.
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 EnerNOC. Technical analysis uses an approach for EnerNOC stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
EnerNOC Moving Average:
Moving averages show the average price of ENOC stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $7.67 is above the last closing price of $7.65 and the 50 day moving average of $6.93 is below the $7.65 price. The 10 and 20 day periods can predict short term moving average trends.
EnerNOC Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of EnerNOC stock price relative to previous trades. The stock price is trading between the average and the upper band in the context of EnerNOC bollinger bands.
EnerNOC 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 EnerNOC MACD line is above the signal line.
EnerNOC Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of ENOC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .