SunCoke Energy Technical Analysis (NYSE:SXC)
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. The SXC stock chart pattern can give those who understand technical analysis an indication of which way SXC stock is headed, but cannot predict with 100% certainty as to what can happen to the SunCoke 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 SunCoke Energy. The technical analysis form of SunCoke Energy stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
SunCoke Energy Moving Average
Moving averages show the average price of SXC 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 SunCoke Energy are mostly signals of long term trends and will help long term traders.
SunCoke Energy Bollinger Bands
Bollinger bands comprise of a center line usually SXC SMA, and two SXC 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. The stock price is trading between the average and the upper band in the context of SunCoke Energy bollinger bands.
SunCoke Energy Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The SunCoke Energy MACD indicator can be used to identify bullish and bearish trends for the stock.
SunCoke 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 . If the RSI of SXC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.