SandRidge Mississippian Trust II Technical Analysis (NYSE:SDR)
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 SandRidge Mississippian Trust II stock price data and volume are plotted in SDR stock charts and these trading charts form the basis of technical analysis.
See SandRidge Mississippian Trust II bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. 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 SandRidge Mississippian Trust II stock analysis.
SandRidge Mississippian Trust II Moving Average
Moving averages help predict the price direction of SDR stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $1.62 is above the last closing price of $1.38 and the 50 day moving average of $1.73 is above the last closing price of $1.38. The 10 and 20 day periods can predict short term moving average trends.
SandRidge Mississippian Trust II 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 SDR stock. Currently the stock price of $1.38 is in the lower range of SandRidge Mississippian Trust II bollinger bands.
SandRidge Mississippian Trust II 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 Mississippian Trust II MACD line is below the signal line.
SandRidge Mississippian Trust II Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . The relative strength index of SDR stock is 25.89.