CNB Financial Technical Analysis (NASDAQ:CCNE)
Technical chart patterns are studied in depth by people who strongly believe in technical analysis. These type of investors who look at trading charts or technical stock charts are usually traders rather than value investors. When a chart pattern that can predict future CNB Financial stock price movements is formed, the CCNE stock chart can become a key tool for a technical analyst.
See CNB Financial bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. The technical analysis form of CNB Financial stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
CNB Financial Moving Average:
Moving averages help predict the price direction of CCNE stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A rise in trend over the long term indicates a long term uptrend. Similarly a falling CCNE moving average implies that CNB Financial stock price is falling.
CNB Financial Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like CNB Financial. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $26.05 is in the lower range of CNB Financial bollinger bands.
CNB Financial 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 CNB Financial MACD indicator can be used to identify bullish and bearish trends for the stock.
CNB Financial Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 33.22 is the RSI value of CCNE stock. .