Codorus Valley Technical Analysis (NASDAQ:CVLY)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. When a chart pattern that can predict future Codorus Valley stock price movements is formed, the CVLY 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 Codorus Valley. The technical analysis form of Codorus Valley stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Codorus Valley Moving Average:
Moving averages show the average price of CVLY stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $61.56 is above the last closing price of $27.67 and the 50 day moving average of $53.29 is below the $27.67 price. The 10 and 20 day periods can predict short term moving average trends.
Codorus Valley Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Codorus Valley. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Codorus Valley bollinger bands show that the stock price is $27.67, upper band is 23.31, lower band is 17.29, and the average is 20.3.
Codorus Valley 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 Codorus Valley MACD line is above the signal line.
Codorus Valley Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of CVLY stock is 25.02. .