China Auto Logistics Technical Analysis (OTCMKTS:CALI)
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. Just by looking at the China Auto Logistics 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 CALI stock chart which creates a trading signal.
See China Auto Logistics bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for China Auto Logistics stock analysis that does not care for the fair value of a company but uses price and volume data only.
China Auto Logistics Moving Average
Moving averages help predict the price direction of CALI stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for China Auto Logistics are mostly signals of long term trends and will help long term traders.
China Auto Logistics Bollinger Bands
Bollinger bands comprise of a center line usually CALI SMA, and two CALI 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. China Auto Logistics bollinger bands show that the stock price is $0.52, upper band is 3.33, lower band is 0.8, and the average is 2.06.
China Auto Logistics 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 Auto Logistics MACD indicator is below 0 indicating a bearish trend.
China Auto Logistics Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 15.99 is the RSI value of CALI stock.