Cresud Technical Analysis (NASDAQ:CRESY)
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. Just by looking at the Cresud stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the CRESY stock chart which creates a trading signal.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Cresud. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Cresud stock analysis.
Cresud Moving Average:
Moving averages help predict the price direction of CRESY 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 CRESY moving average implies that Cresud stock price is falling.
Cresud Bollinger Bands:
Bollinger bands comprise of a center line usually CRESY SMA, and two CRESY 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. Cresud bollinger bands show that the stock price is $17.92, upper band is 7.45, lower band is 6.44, and the average is 6.95.
Cresud Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Cresud MACD indicator can be used to identify bullish and bearish trends for the stock.
Cresud Relative Strength Index:
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 57.5 is the RSI value of CRESY stock. .