Superior Energy Services Technical Analysis (NYSE:SPN)
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. Just by looking at the Superior Energy Services 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 SPN stock chart which creates a trading signal.
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 Superior Energy Services. The technical analysis form of Superior Energy Services stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Superior Energy Services Moving Average
Moving averages show the SPN 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. The 20 day moving average of $9.11 is below the last closing price of $9.71 and the 50 day moving average of $9.31 is below the last closing price of $9.71. The 10 and 20 day periods can predict short term moving average trends.
Superior Energy Services Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Superior Energy Services. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $9.71 is in the upper range of Superior Energy Services bollinger bands.
Superior Energy Services 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 Superior Energy Services MACD indicator is below 0 indicating a bearish trend.
Superior Energy Services 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 SPN stock is 46.91.