City National Technical Analysis (NYSE:CYN)
Technical chart patterns are studied in depth by people who strongly believe in technical analysis. These type of investors who look at trading charts or technical stock charts are usually traders rather than value investors. Just by looking at the City National 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 CYN stock chart which creates a trading signal.
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 City National. 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 City National stock analysis.
City National Moving Average:
Moving averages show the CYN stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). Moving averages can be used for CYN trend identification. A rising moving average shows that stock prices are generally increasing.
City National Bollinger Bands:
Bollinger bands comprise of a center line usually CYN SMA, and two CYN 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 $89.6 is in the lower range of City National bollinger bands.
City National 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 City National MACD indicator can be used to identify bullish and bearish trends for the stock.
City National 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. The relative strength index of CYN stock is 39.31. .