Shell Midstream Technical Analysis (NYSE:SHLX)
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 Shell Midstream stock price data and volume are plotted in SHLX 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 Shell Midstream. Technical analysis uses an approach for Shell Midstream stock analysis that does not care for the fair value of a company but uses price and volume data only.
Shell Midstream Moving Average
Moving averages show the SHLX 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. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $22.7 is below the price of $23.38.
Shell Midstream Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Shell Midstream. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the upper band in the context of Shell Midstream bollinger bands.
Shell Midstream 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 Shell Midstream MACD indicator is above 0 indicating a bullish trend.
Shell Midstream 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 SHLX stock is 51.29.