CASI Pharma Technical Analysis (NASDAQ:CASI)
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 CASI Pharma stock price data and volume are plotted in CASI stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for CASI Pharma. The technical analysis form of CASI Pharma stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
CASI Pharma Moving Average
Moving averages show the average price of CASI stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $6.46 is above the last closing price of $5.63 and the 50 day moving average of $7.01 is above the last closing price of $5.63. The 10 and 20 day periods can predict short term moving average trends.
CASI Pharma Bollinger Bands
Bollinger bands comprise of a center line usually CASI SMA, and two CASI 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. The stock price is trading between the average and the lower band in the context of CASI Pharma bollinger bands.
CASI Pharma 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 CASI Pharma MACD indicator can be used to identify bullish and bearish trends for the stock.
CASI Pharma Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . 21.43 is the RSI value of CASI stock.