E W Scripps Technical Analysis (NASDAQ:SSP)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the E W Scripps 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 SSP stock chart which creates a trading signal.
See E W Scripps bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. 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 E W Scripps stock analysis.
E W Scripps Moving Average
Moving averages help predict the price direction of SSP stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $13.03 is below the last closing price of $13.77 and the 50 day moving average of $12.24 is below the last closing price of $13.77. The 10 and 20 day periods can predict short term moving average trends.
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 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 $13.77 is in the upper range of E W Scripps bollinger bands.
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 above 0 indicating a bullish trend.
E W Scripps 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 . 67.75 is the RSI value of SSP stock.