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. Currently the stock price of $4.63 is in the lower range of Charm Communications bollinger bands.
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. The Charm Communications MACD line is above the signal line.
Charm Communications Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 62.88 is the RSI value of CHRM stock. .