RSP Permian Technical Analysis (NYSE:RSPP)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The RSPP stock chart pattern can give those who understand technical analysis an indication of which way RSPP stock is headed, but cannot predict with 100% certainty as to what can happen to the RSP Permian stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for RSP Permian. 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 RSP Permian stock analysis.
RSP Permian Moving Average
Moving averages show the RSPP 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 $44.3 is below the last closing price of $47.83 and the 50 day moving average of $44.37 is below the last closing price of $47.83. The 10 and 20 day periods can predict short term moving average trends.
RSP Permian Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like RSP Permian. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $47.83 is in the upper range of RSP Permian bollinger bands.
RSP Permian 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 RSP Permian MACD indicator is above 0 indicating a bullish trend.
RSP Permian 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. 77.01 is the RSI value of RSPP stock.