Looking ahead for DCP Midstream Stock

DCP Midstream LP (DCP) is currently trading 4.3% above its 50-day simple moving average and 13.3% above its 200-day simple moving average. These two averages act as resistance and support, respectively, in the short term. Moreover, the 50-day moving average is above the 200-day moving average.

We can analyze a stock’s moving averages via a price crossover of two or more of its moving averages. When a stock’s price exceeds a particular moving average, it’s a bullish sign, and vice versa. When a stock’s shorter moving average crosses over its longer moving average, it’s considered a “buy” signal for the stock.

DCP Midstream’s RSI (relative strength index) currently stands at 48.7. RSI is a momentum indicator measured by values between 0 and 100. Movements below 30 are considered in the “oversold” zone, and movements above 70 are considered in the “overbought” zone.