Spark Energy Technical Analysis (NASDAQ:SPKE)
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 SPKE stock chart pattern can give those who understand technical analysis an indication of which way SPKE stock is headed, but cannot predict with 100% certainty as to what can happen to the Spark Energy 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 Spark Energy. 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 Spark Energy stock analysis.
Spark Energy Moving Average
Moving averages show the average price of SPKE stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Spark Energy are mostly signals of long term trends and will help long term traders.
Spark Energy Bollinger Bands
Bollinger bands comprise of a center line usually SPKE SMA, and two SPKE 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. Currently the stock price of $8.25 is in the lower range of Spark Energy bollinger bands.
Spark Energy 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 Spark Energy MACD line is below the signal line.
Spark Energy 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 SPKE stock is 33.9.