Union Pacific Technical Analysis (NYSE:UNP)
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. Just by looking at the Union Pacific 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 UNP stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Union Pacific. 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 Union Pacific stock analysis.
Union Pacific Moving Average
Moving averages show the UNP stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $133.46 is below the last closing price of $137.16 and the 50 day moving average of $134.52 is below the last closing price of $137.16. The 10 and 20 day periods can predict short term moving average trends.
Union Pacific Bollinger Bands
Bollinger bands comprise of a center line usually UNP SMA, and two UNP 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. Union Pacific bollinger bands show that the stock price is $137.16, upper band is 139.53, lower band is 127.39, and the average is 133.46.
Union Pacific 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 Union Pacific MACD indicator is below 0 indicating a bearish trend.
Union Pacific 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 UNP stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.