Exterran Technical Analysis (NYSE:EXTN)
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 Exterran stock price data and volume are plotted in EXTN stock charts and these trading charts form the basis of technical analysis.
See Exterran bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Exterran stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Exterran Moving Average
Moving averages show the EXTN 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 $26.64 is below the price of $27.05.
Exterran Bollinger Bands
Bollinger bands comprise of a center line usually EXTN SMA, and two EXTN 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. Exterran bollinger bands show that the stock price is $27.05, upper band is 28.4, lower band is 24.87, and the average is 26.64.
Exterran 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 Exterran MACD indicator is below 0 indicating a bearish trend.
Exterran 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 EXTN stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.