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 ENOC stock chart pattern can give those who understand technical analysis an indication of which way ENOC stock is headed, but cannot predict with 100% certainty as to what can happen to the EnerNOC 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 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. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $7.67 is above the price of $7.65.
EnerNOC Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like EnerNOC. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. EnerNOC bollinger bands show that the stock price is $7.65, upper band is 7.72, lower band is 7.61, and the average is 7.67.
EnerNOC 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 EnerNOC MACD line is below the signal line.
EnerNOC 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 . 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.