Enerplus Technical Analysis (NYSE:ERF)
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 Enerplus stock price data and volume are plotted in ERF stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Enerplus. Technical analysis uses an approach for Enerplus stock analysis that does not care for the fair value of a company but uses price and volume data only.
Enerplus Moving Average
Moving averages show the ERF 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 $10.75 is below the price of $11.47.
Enerplus Bollinger Bands
Bollinger bands comprise of a center line usually ERF SMA, and two ERF 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. Currently the stock price of $11.47 is in the upper range of Enerplus bollinger bands.
Enerplus 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 Enerplus MACD indicator is below 0 indicating a bearish trend.
Enerplus 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 ERF stock is 57.7.