Lonestar Resources Technical Analysis (NASDAQ:LONE)
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 LONE stock chart pattern can give those who understand technical analysis an indication of which way LONE stock is headed, but cannot predict with 100% certainty as to what can happen to the Lonestar Resources stock price.
See Lonestar Resources bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Lonestar Resources stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Lonestar Resources Moving Average
Moving averages show the average price of LONE stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $9.42 is above the price of $8.4.
Lonestar Resources Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Lonestar Resources. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Lonestar Resources bollinger bands show that the stock price is $8.4, upper band is 10.61, lower band is 8.22, and the average is 9.42.
Lonestar Resources 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 Lonestar Resources MACD indicator can be used to identify bullish and bearish trends for the stock.
Lonestar Resources Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. The relative strength index of LONE stock is 28.14.