ULTRA PETRO COR Technical Analysis (NASDAQ:UPL)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The ULTRA PETRO COR stock price data and volume are plotted in UPL stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for ULTRA PETRO COR. The technical analysis form of ULTRA PETRO COR stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
ULTRA PETRO COR Moving Average
Moving averages show the average price of UPL stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $1.52 is above the price of $1.05.
ULTRA PETRO COR Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like ULTRA PETRO COR. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $1.05 is in the lower range of ULTRA PETRO COR bollinger bands.
ULTRA PETRO COR 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 ULTRA PETRO COR MACD indicator is below 0 indicating a bearish trend.
ULTRA PETRO COR 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 . The relative strength index of UPL stock is 15.53.