Carbonite Technical Analysis (NASDAQ:CARB)
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. The Carbonite stock price data and volume are plotted in CARB stock charts and these trading charts form the basis of technical analysis.
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 Carbonite. Technical analysis uses an approach for Carbonite stock analysis that does not care for the fair value of a company but uses price and volume data only.
Carbonite Moving Average
Moving averages help predict the price direction of CARB stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $29.15 is below the price of $33.4.
Carbonite 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 CARB stock. Carbonite bollinger bands show that the stock price is $33.4, upper band is 31.5, lower band is 26.8, and the average is 29.15.
Carbonite Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Carbonite MACD line is below the signal line.
Carbonite 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. If the RSI of CARB stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.