Genie Energy Technical Analysis (NYSE:GNE)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The GNE stock chart pattern can give those who understand technical analysis an indication of which way GNE stock is headed, but cannot predict with 100% certainty as to what can happen to the Genie Energy stock price.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Genie Energy. Technical analysis uses an approach for Genie Energy stock analysis that does not care for the fair value of a company but uses price and volume data only.
Genie Energy Moving Average
Moving averages help predict the price direction of GNE stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $5.48 is below the price of $5.75.
Genie 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 GNE stock. The stock price is trading between the average and the upper band in the context of Genie Energy bollinger bands.
Genie 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 Genie Energy MACD indicator is above 0 indicating a bullish trend.
Genie Energy Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 56.1 is the RSI value of GNE stock.