Suburban Propane Technical Analysis (NYSE:SPH)
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 SPH stock chart pattern can give those who understand technical analysis an indication of which way SPH stock is headed, but cannot predict with 100% certainty as to what can happen to the Suburban Propane stock price.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Suburban Propane. 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 Suburban Propane stock analysis.
Suburban Propane Moving Average
Moving averages show the average price of SPH stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $23.66 is below the price of $24.05.
Suburban Propane Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Suburban Propane. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Suburban Propane bollinger bands show that the stock price is $24.05, upper band is 24.74, lower band is 22.57, and the average is 23.66.
Suburban Propane 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 Suburban Propane MACD indicator is below 0 indicating a bearish trend.
Suburban Propane 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. 53.6 is the RSI value of SPH stock.