Cathay General Bancorp Technical Analysis (NASDAQ:CATY)
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 Cathay General Bancorp stock price data and volume are plotted in CATY stock charts and these trading charts form the basis of technical analysis.
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 Cathay General Bancorp. The technical analysis form of Cathay General Bancorp stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Cathay General Bancorp Moving Average:
Moving averages show the average price of CATY stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. One needs to choose the duration of a moving average depending on the investment objective and investment horizon. For periods greater than 100, it takes a larger and longer CATY stock price movement for the moving average to change course.
Cathay General Bancorp 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 CATY stock. Cathay General Bancorp bollinger bands show that the stock price is $30.21, upper band is 7.98, lower band is 7.3, and the average is 7.64.
Cathay General Bancorp Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Cathay General Bancorp MACD indicator can be used to identify bullish and bearish trends for the stock.
Cathay General Bancorp 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 . If the RSI of CATY stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .