Cooper-Standard Technical Analysis (NYSE:CPS)
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. The Cooper-Standard stock price data and volume are plotted in CPS stock charts and these trading charts form the basis of technical analysis.
See Cooper-Standard 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 Cooper-Standard stock analysis using these technical indicators helps identify trading opportunities.
Cooper-Standard Moving Average:
Moving averages help predict the price direction of CPS stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. Moving averages can be used for CPS trend identification. A rising moving average shows that stock prices are generally increasing.
Cooper-Standard Bollinger Bands:
Bollinger bands comprise of a center line usually CPS SMA, and two CPS stock price bands above and below it. The stock is considered over brought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $109.43 is in the lower range of Cooper-Standard bollinger bands.
Cooper-Standard Moving Average Convergence Divergence or MACD:
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Cooper-Standard MACD line is below the signal line.
Cooper-Standard Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 41.09 is the RSI value of CPS stock. .