SunCoke Energy Partners Technical Analysis (NYSE:SXCP)
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. The SunCoke Energy Partners stock price data and volume are plotted in SXCP stock charts and these trading charts form the basis of technical analysis.
See SunCoke Energy Partners 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 SunCoke Energy Partners stock analysis.
SunCoke Energy Partners Moving Average
Moving averages help predict the price direction of SXCP stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $15.16 is below the price of $15.9.
SunCoke Energy Partners Bollinger Bands
Bollinger bands comprise of a center line usually SXCP SMA, and two SXCP 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 Partners bollinger bands.
SunCoke Energy Partners 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 SunCoke Energy Partners MACD line is above the signal line.
SunCoke Energy Partners Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. If the RSI of SXCP stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.