Charm Communications Technical Analysis (NASDAQ:CHRM)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. When a chart pattern that can predict future Charm Communications stock price movements is formed, the CHRM stock chart can become a key tool for a technical analyst.
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 Charm Communications. Technical analysis uses an approach for Charm Communications stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
Charm Communications Moving Average:
Moving averages show the average price of CHRM stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A rise in trend over the long term indicates a long term uptrend. Similarly a falling CHRM moving average implies that Charm Communications stock price is falling.
Charm Communications 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 CHRM stock.
Charm Communications 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.
Charm Communications Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. .