Cambridge Bancorp Technical Analysis (NASDAQ:CATC)
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 Cambridge Bancorp stock price data and volume are plotted in CATC stock charts and these trading charts form the basis of technical analysis.
See Cambridge Bancorp bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Cambridge Bancorp stock analysis that does not care for the fair value of a company but uses price and volume data only.
Cambridge Bancorp Moving Average
Moving averages show the average price of CATC 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 $87.34 is above the price of $84.19.
Cambridge Bancorp Bollinger Bands
Bollinger bands comprise of a center line usually CATC SMA, and two CATC 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 $84.19 is in the lower range of Cambridge Bancorp bollinger bands.
Cambridge Bancorp 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 Cambridge Bancorp MACD indicator is above 0 indicating a bullish trend.
Cambridge Bancorp Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 31.96 is the RSI value of CATC stock.