Marine Petroleum Technical Analysis (NASDAQ:MARPS)
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 MARPS stock chart pattern can give those who understand technical analysis an indication of which way MARPS stock is headed, but cannot predict with 100% certainty as to what can happen to the Marine Petroleum stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Marine Petroleum. The technical analysis form of Marine Petroleum stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Marine Petroleum Moving Average
Moving averages show the average price of MARPS 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 $3.92 is above the price of $3.88.
Marine Petroleum Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Marine Petroleum. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $3.88 is in the lower range of Marine Petroleum bollinger bands.
Marine Petroleum Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Marine Petroleum MACD indicator is below 0 indicating a bearish trend.
Marine Petroleum 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. 42.58 is the RSI value of MARPS stock.