Mid-Con Energy Technical Analysis (NASDAQ:MCEP)
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 MCEP stock chart pattern can give those who understand technical analysis an indication of which way MCEP stock is headed, but cannot predict with 100% certainty as to what can happen to the Mid-Con Energy stock price.
See Mid-Con Energy bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Mid-Con Energy stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Mid-Con Energy Moving Average
Moving averages show the MCEP stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $1.65 is above the price of $1.48.
Mid-Con 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 MCEP stock. The stock price is trading between the average and the lower band in the context of Mid-Con Energy bollinger bands.
Mid-Con 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 Mid-Con Energy MACD indicator can be used to identify bullish and bearish trends for the stock.
Mid-Con Energy Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . The relative strength index of MCEP stock is 32.09.