Entercom Communications Technical Analysis (NYSE:ETM)
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 ETM stock chart pattern can give those who understand technical analysis an indication of which way ETM stock is headed, but cannot predict with 100% certainty as to what can happen to the Entercom Communications stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Entercom Communications. The technical analysis form of Entercom Communications stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Entercom Communications Moving Average
Moving averages show the average price of ETM stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Entercom Communications are mostly signals of long term trends and will help long term traders.
Entercom Communications Bollinger Bands
Bollinger bands comprise of a center line usually ETM SMA, and two ETM 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. Entercom Communications bollinger bands show that the stock price is $10.05, upper band is 11.23, lower band is 9.51, and the average is 10.37.
Entercom Communications 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 Entercom Communications MACD indicator can be used to identify bullish and bearish trends for the stock.
Entercom Communications 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 . The relative strength index of ETM stock is 39.58.