Genesis Energy Technical Analysis (NYSE:GEL)
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 GEL stock chart pattern can give those who understand technical analysis an indication of which way GEL stock is headed, but cannot predict with 100% certainty as to what can happen to the Genesis Energy stock price.
See Genesis Energy bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Genesis 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.
Genesis Energy Moving Average
Moving averages show the average price of GEL 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 $20.23 is above the last closing price of $19 and the 50 day moving average of $21.87 is above the last closing price of $19. The 10 and 20 day periods can predict short term moving average trends.
Genesis Energy Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Genesis Energy. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Genesis Energy bollinger bands show that the stock price is $19, upper band is 21.46, lower band is 19, and the average is 20.23.
Genesis Energy 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 Genesis Energy MACD line is below the signal line.
Genesis Energy Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of GEL stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.