Credit Suisse Technical Analysis (NYSE:CS)
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 Credit Suisse stock price movements is formed, the CS stock chart can become a key tool for a technical analyst.
See Credit Suisse bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. 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 Credit Suisse stock analysis.
Credit Suisse Moving Average:
Moving averages show the average price of CS stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Credit Suisse are mostly signals of long term trends and will help long term traders.
Credit Suisse Bollinger Bands:
Bollinger bands comprise of a center line usually CS SMA, and two CS 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 $14.67 is in the upper range of Credit Suisse bollinger bands.
Credit Suisse 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 Credit Suisse MACD line is below the signal line.
Credit Suisse Relative Strength Index:
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . If the RSI of CS stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .