Standard Motor Products Technical Analysis (NYSE:SMP)
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 Standard Motor Products 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 SMP stock chart which creates a trading signal.
See Standard Motor Products bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking Standard Motor Products stock analysis using these technical indicators helps identify trading opportunities.
Standard Motor Products Moving Average:
Moving averages show the average price of SMP stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. One needs to choose the duration of a moving average depending on the investment objective and investment horizon. For periods greater than 100, it takes a larger and longer SMP stock price movement for the moving average to change course.
Standard Motor Products Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of Standard Motor Products stock price relative to previous trades. Currently the stock price of $44.31 is in the lower range of Standard Motor Products bollinger bands.
Standard Motor Products 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 Standard Motor Products MACD line is above the signal line.
Standard Motor Products 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 SMP stock is 9.26. .