Earthstone Energy Technical Analysis (NYSE:ESTE)
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 ESTE stock chart pattern can give those who understand technical analysis an indication of which way ESTE stock is headed, but cannot predict with 100% certainty as to what can happen to the Earthstone Energy stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Earthstone Energy. The technical analysis form of Earthstone 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.
Earthstone Energy Moving Average
Moving averages show the average price of ESTE 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 $9.39 is above the last closing price of $7.75 and the 50 day moving average of $9.1 is above the last closing price of $7.75. The 10 and 20 day periods can predict short term moving average trends.
Earthstone Energy Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the ESTE stock. Currently the stock price of $7.75 is in the lower range of Earthstone Energy bollinger bands.
Earthstone Energy Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Earthstone Energy MACD indicator is below 0 indicating a bearish trend.
Earthstone 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. 27.23 is the RSI value of ESTE stock.