WPX Energy Technical Analysis (NYSE:WPX)
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. Just by looking at the WPX Energy 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 WPX stock chart which creates a trading signal.
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 WPX Energy. 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 WPX Energy stock analysis.
WPX Energy Moving Average
Moving averages show the WPX 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 $18.64 is above the last closing price of $17.41 and the 50 day moving average of $18.36 is above the last closing price of $17.41. The 10 and 20 day periods can predict short term moving average trends.
WPX Energy Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like WPX Energy. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $17.41 is in the lower range of WPX Energy bollinger bands.
WPX Energy 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 WPX Energy MACD indicator is above 0 indicating a bullish trend.
WPX Energy 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 WPX stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.