Geopark Technical Analysis (NYSE:GPRK)
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. Just by looking at the Geopark stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the GPRK stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Geopark. Technical analysis uses an approach for Geopark stock analysis that does not care for the fair value of a company but uses price and volume data only.
Geopark Moving Average
Moving averages help predict the price direction of GPRK 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 $19.23 is above the price of $16.3.
Geopark 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 GPRK stock. Geopark bollinger bands show that the stock price is $16.3, upper band is 21.9, lower band is 16.56, and the average is 19.23.
Geopark 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 Geopark MACD line is above the signal line.
Geopark Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of GPRK stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.