China Automotive Systems Technical Analysis (NASDAQ:CAAS)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. Just by looking at the China Automotive Systems 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 CAAS 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 China Automotive Systems. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking China Automotive Systems stock analysis using these technical indicators helps identify trading opportunities.
China Automotive Systems Moving Average:
Moving averages show the CAAS stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for China Automotive Systems are mostly signals of long term trends and will help long term traders.
China Automotive Systems Bollinger Bands:
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the CAAS stock. Currently the stock price of $7.78 is in the lower range of China Automotive Systems bollinger bands.
China Automotive Systems 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 China Automotive Systems MACD indicator can be used to identify bullish and bearish trends for the stock.
China Automotive Systems Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 45.09 is the RSI value of CAAS stock. .