Empire Resources Technical Analysis (NASDAQ:ERS)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The Empire Resources stock price data and volume are plotted in ERS 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 Empire Resources. The technical analysis form of Empire Resources stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Empire Resources Moving Average
Moving averages show the average price of ERS 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 $6.97 is below the last closing price of $7 and the 50 day moving average of $6.18 is below the last closing price of $7. The 10 and 20 day periods can predict short term moving average trends.
Empire Resources Bollinger Bands
Bollinger bands comprise of a center line usually ERS SMA, and two ERS 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. Empire Resources bollinger bands show that the stock price is $7, upper band is 7, lower band is 6.94, and the average is 6.97.
Empire Resources 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 Empire Resources MACD indicator is below 0 indicating a bearish trend.
Empire Resources Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 69.84 is the RSI value of ERS stock.