Esperion Therapeutics Technical Analysis (NASDAQ:ESPR)
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 Esperion Therapeutics 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 ESPR stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Esperion Therapeutics. The technical analysis form of Esperion Therapeutics stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Esperion Therapeutics Moving Average
Moving averages show the ESPR 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 $49.12 is above the price of $47.26.
Esperion Therapeutics Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Esperion Therapeutics. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the lower band in the context of Esperion Therapeutics bollinger bands.
Esperion Therapeutics 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 Esperion Therapeutics MACD line is above the signal line.
Esperion Therapeutics 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 ESPR stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.