LRR Energy Technical Analysis (NYSE:LRE)

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$4.32 $0.14 (3.14%) LRE stock closing price Oct 05, 2015 (Closing)

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 LRR Energy stock price data and volume are plotted in LRE stock charts and these trading charts form the basis of technical analysis.

See LRR Energy bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for LRR Energy stock analysis that does not care for the fair value of a company but uses price and volume data only.

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LRR Energy Moving Average

Moving averages help predict the price direction of LRE stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for LRR Energy are mostly signals of long term trends and will help long term traders.

LRR Energy Bollinger Bands

Bollinger bands comprise of a center line usually LRE SMA, and two LRE 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. The stock price is trading between the average and the upper band in the context of LRR Energy bollinger bands.

LRR 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 LRR Energy MACD line is above the signal line.

LRR 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 LRE stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.