SP Plus Technical Analysis (NASDAQ:SP)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The SP stock chart pattern can give those who understand technical analysis an indication of which way SP stock is headed, but cannot predict with 100% certainty as to what can happen to the SP Plus stock price.
See SP Plus 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 SP Plus stock analysis.
SP Plus Moving Average
Moving averages show the SP 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 $35.91 is below the price of $36.75.
SP Plus Bollinger Bands
Bollinger bands comprise of a center line usually SP SMA, and two SP stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the upper band in the context of SP Plus bollinger bands.
SP Plus 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 SP Plus MACD line is below the signal line.
SP Plus 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 SP stock is 58.62.