Special Opportunities Fund Technical Analysis (NYSE:SPE)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical Charts or trading charts. The SPE Chart pattern can give those who understand technical analysis an indication of which way SPE stock is headed, but cannot predict with 100% certainty as to what can happen to the Special Opportunities Fund Price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Special Opportunities Fund. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use Price movements for this form of Special Opportunities Fund Analysis.
Special Opportunities Fund Moving Average
Moving averages help predict the price direction of SPE stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $15.05 is above the price of $15.
Special Opportunities Fund 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 SPE stock. The Price is trading between the average and the lower band in the context of Special Opportunities Fund bollinger bands.
Special Opportunities Fund Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the Price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current Price trend could come to an end, when the Price diverges from MACD. The Special Opportunities Fund MACD indicator is below 0 indicating a bearish trend.
Special Opportunities Fund Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. The relative strength index of SPE stock is 46.81.