China Automotive Systems Technical Analysis (NASDAQ:CAAS)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. Just by looking at the China Automotive Systems 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 CAAS 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 China Automotive Systems. Technical analysis uses an approach for China Automotive Systems stock analysis that does not care for the fair value of a company but uses price and volume data only.
China Automotive Systems Moving Average
Moving averages show the average price of CAAS stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $4.57 is above the price of $4.4.
China Automotive Systems Bollinger Bands
Bollinger bands comprise of a center line usually CAAS SMA, and two CAAS stock price bands above and below it. The stock is considered overbought 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 $4.4 is in the lower range of China Automotive Systems bollinger bands.
China Automotive Systems 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 China Automotive Systems MACD indicator can be used to identify bullish and bearish trends for the stock.
China Automotive Systems Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 38.6 is the RSI value of CAAS stock.