China New Borun Technical Analysis (NYSE:BORN)
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. A BORN stock chart pattern can give those who understand technical analysis an indication of which way BORN stock is headed, but cannot predict with 100% certainty as to what can happen to the China New Borun stock price.
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 China New Borun. The technical analysis form of China New Borun stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
China New Borun Moving Average:
Moving averages help predict the price direction of BORN 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 BORN moving average implies that China New Borun stock price is falling.
China New Borun Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of China New Borun stock price relative to previous trades. China New Borun bollinger bands show that the stock price is $1.28, upper band is 6.7, lower band is 5.23, and the average is 5.96.
China New Borun 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 China New Borun MACD line is below the signal line.
China New Borun 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. 59.09 is the RSI value of BORN stock. .