Energy Transfer Equity Technical Analysis (NYSE:ETE)
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 Energy Transfer Equity stock price data and volume are plotted in ETE stock charts and these trading charts form the basis of technical analysis.
See Energy Transfer Equity bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Energy Transfer Equity stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Energy Transfer Equity Moving Average
Moving averages show the ETE 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 $18.13 is above the price of $17.38.
Energy Transfer Equity Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Energy Transfer Equity. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $17.38 is in the lower range of Energy Transfer Equity bollinger bands.
Energy Transfer Equity 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 Energy Transfer Equity MACD indicator is below 0 indicating a bearish trend.
Energy Transfer Equity 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. If the RSI of ETE stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.