E W Scripps Technical Analysis (NYSE:SSP)
Technical chart patterns are studied in depth by people who strongly believe in technical analysis. These type of investors who look at trading charts or technical stock charts are usually traders rather than value investors. When a chart pattern that can predict future E W Scripps stock price movements is formed, the SSP stock chart can become a key tool for a technical analyst.
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 E W Scripps. The technical analysis form of E W Scripps stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
E W Scripps Moving Average:
SSP stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of E W Scripps chart patterns after the calculations remain the same. The 100 day moving average of 18.13 is below the last closing price of 18.16. A rise in trend over the long term indicates a long term uptrend. Similarly a falling SSP moving average implies that E W Scripps stock price is falling.
E W Scripps Bollinger Bands:
Bollinger bands comprise of a center line usually SSP SMA, and two SSP stock price bands above and below it. The stock is considered over brought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. E W Scripps bollinger bands show that the stock price is $18.16, upper band is 140.67, lower band is 130.89, and the average is 135.78.
E W Scripps 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 E W Scripps MACD indicator is below 0 indicating a bearish trend.
E W Scripps Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. 52.45 is the RSI value of SSP stock. .