Midcoast Energy Partners Technical Analysis (NYSE:MEP)
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 Midcoast Energy Partners stock price data and volume are plotted in MEP stock charts and these trading charts form the basis of technical analysis.
See Midcoast Energy Partners bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Midcoast Energy Partners stock analysis that does not care for the fair value of a company but uses price and volume data only.
Midcoast Energy Partners Moving Average
Moving averages show the MEP 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. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Midcoast Energy Partners are mostly signals of long term trends and will help long term traders.
Midcoast Energy Partners Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Midcoast Energy Partners. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $7.95 is in the lower range of Midcoast Energy Partners bollinger bands.
Midcoast Energy Partners 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 Midcoast Energy Partners MACD line is above the signal line.
Midcoast Energy Partners 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 MEP stock is 40.