Memorial Resource Dev Corp. Technical Analysis (NASDAQ:MRD)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The Memorial Resource Dev Corp. stock price data and volume are plotted in MRD stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Memorial Resource Dev Corp.. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Memorial Resource Dev Corp. stock analysis.
Memorial Resource Dev Corp. Moving Average
Moving averages show the MRD 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 20 day moving average of $15.16 is above the last closing price of $14.72 and the 50 day moving average of $15.19 is above the last closing price of $14.72. The 10 and 20 day periods can predict short term moving average trends.
Memorial Resource Dev Corp. Bollinger Bands
Bollinger bands comprise of a center line usually MRD SMA, and two MRD 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. Currently the stock price of $14.72 is in the lower range of Memorial Resource Dev Corp. bollinger bands.
Memorial Resource Dev Corp. 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 Memorial Resource Dev Corp. MACD line is below the signal line.
Memorial Resource Dev Corp. 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. 47.37 is the RSI value of MRD stock.