Eagle Rock Energy Technical Analysis (NASDAQ:EROC)

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$1.74 $0.04 (2.35%) EROC stock closing price Oct 08, 2015 (Closing)

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. Just by looking at the Eagle Rock Energy 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 EROC stock chart which creates a trading signal.

See Eagle Rock Energy bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Eagle Rock Energy stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.

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Eagle Rock Energy Moving Average

Moving averages show the average price of EROC 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 $1.46 is below the last closing price of $1.74 and the 50 day moving average of $1.46 is below the last closing price of $1.74. The 10 and 20 day periods can predict short term moving average trends.

Eagle Rock Energy Bollinger Bands

Bollinger bands consist of two price bands above and below a center line for any company stock like Eagle Rock Energy. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Eagle Rock Energy bollinger bands show that the stock price is $1.74, upper band is 1.73, lower band is 1.19, and the average is 1.46.

Eagle Rock Energy 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 Eagle Rock Energy MACD indicator can be used to identify bullish and bearish trends for the stock.

Eagle Rock Energy 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. 61.22 is the RSI value of EROC stock.