Sandridge Energy Technical Analysis (NYSE:SDOCQ)
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 Sandridge Energy 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 SDOCQ stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Sandridge Energy. The technical analysis form of Sandridge 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.
Sandridge Energy Moving Average
Moving averages show the average price of SDOCQ 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 $21.45 is above the price of $19.82.
Sandridge Energy Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Sandridge Energy. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Sandridge Energy bollinger bands show that the stock price is $19.82, upper band is 22.69, lower band is 20.22, and the average is 21.45.
Sandridge Energy Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Sandridge Energy MACD indicator can be used to identify bullish and bearish trends for the stock.
Sandridge Energy Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of SDOCQ stock is 31.12.