Summit Midstream Partners Technical Analysis (NYSE:SMLP)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The SMLP stock chart pattern can give those who understand technical analysis an indication of which way SMLP stock is headed, but cannot predict with 100% certainty as to what can happen to the Summit Midstream Partners stock price.
See Summit Midstream Partners 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 Summit Midstream Partners stock analysis.
Summit Midstream Partners Moving Average
Moving averages show the SMLP 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 $16.91 is above the last closing price of $16.8 and the 50 day moving average of $16.35 is below the last closing price of $16.8. The 10 and 20 day periods can predict short term moving average trends.
Summit Midstream Partners 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 SMLP stock. Currently the stock price of $16.8 is in the lower range of Summit Midstream Partners bollinger bands.
Summit Midstream Partners 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 Summit Midstream Partners MACD line is below the signal line.
Summit Midstream Partners 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 SMLP stock is 39.53.