Chemical Financial Corp. Technical Analysis (NASDAQ:CHFC)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The Chemical Financial Corp. stock price data and volume are plotted in CHFC stock charts and these trading charts form the basis of technical analysis.
See Chemical Financial Corp. bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking Chemical Financial Corp. stock analysis using these technical indicators helps identify trading opportunities.
Chemical Financial Corp. Moving Average:
Moving averages show the CHFC stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). The 20 day moving average of $10.05 is above the last closing price of $43.94 and the 50 day moving average of $10.26 is above the $43.94 price. The 10 and 20 day periods can predict short term moving average trends.
Chemical Financial Corp. Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Chemical Financial Corp.. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Chemical Financial Corp. bollinger bands show that the stock price is $43.94, upper band is 7.05, lower band is 6.59, and the average is 6.82.
Chemical Financial Corp. 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 Chemical Financial Corp. MACD indicator can be used to identify bullish and bearish trends for the stock.
Chemical Financial Corp. Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. The relative strength index of CHFC stock is 22.22. .