Enduro Royalty Technical Analysis (NYSE:NDRO)
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. Just by looking at the Enduro Royalty stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the NDRO stock chart which creates a trading signal.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Enduro Royalty. 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 Enduro Royalty stock analysis.
Enduro Royalty Moving Average
Moving averages show the average price of NDRO 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 $3.43 is above the price of $3.4.
Enduro Royalty 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 NDRO stock. Currently the stock price of $3.4 is in the lower range of Enduro Royalty bollinger bands.
Enduro Royalty 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 Enduro Royalty MACD line is above the signal line.
Enduro Royalty 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. If the RSI of NDRO stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.