SunCoke Energy (SXC) Technical Analysis

SunCoke Energy Inc (SXC) is a company engaged in the production of coke used in the steelmaking process. In this technical analysis of SXC, we will explore several key indicators to assess the stock's performance. The Relative Strength Index (RSI) is an important tool for measuring the momentum of a stock. It oscillates between 0 and 100, with values above 70 indicating overbought conditions and values below 30 indicating oversold conditions. By analyzing the RSI of SXC, we can identify potential buying or selling opportunities.

Another useful indicator is the Average Directional Index (ADX). This indicator helps determine the strength of a stock's trend. Values above 25 indicate a strong trend, while values below 20 indicate a weak trend. By analyzing the ADX of SXC, we can determine whether the stock is in a trending or sideways market. The Moving Average Convergence Divergence (MACD) is another widely used indicator in technical analysis. It consists of two lines - the MACD line and the signal line. When the MACD line crosses above the signal line, it is a bullish signal, indicating a potential buying opportunity. Conversely, when the MACD line crosses below the signal line, it is a bearish signal, indicating a potential selling opportunity.