Cal-Maine Foods Technical Analysis (NASDAQ:CALM)
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 Cal-Maine Foods 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 CALM 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 Cal-Maine Foods. The technical analysis form of Cal-Maine Foods stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Cal-Maine Foods Moving Average
Moving averages show the CALM stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Cal-Maine Foods are mostly signals of long term trends and will help long term traders.
Cal-Maine Foods Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the CALM stock. Currently the stock price of $47 is in the lower range of Cal-Maine Foods bollinger bands.
Cal-Maine Foods 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 Cal-Maine Foods MACD line is below the signal line.
Cal-Maine Foods 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 CALM stock is 47.3.