Sprague Resources Technical Analysis (NYSE:SRLP)
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. Just by looking at the Sprague Resources 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 SRLP 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 Sprague Resources. Technical analysis uses an approach for Sprague Resources stock analysis that does not care for the fair value of a company but uses price and volume data only.
Sprague Resources Moving Average
Moving averages help predict the price direction of SRLP stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Sprague Resources are mostly signals of long term trends and will help long term traders.
Sprague Resources 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 SRLP stock. Currently the stock price of $26.25 is in the upper range of Sprague Resources bollinger bands.
Sprague Resources 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 Sprague Resources MACD line is below the signal line.
Sprague Resources Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 69.23 is the RSI value of SRLP stock.