Cathay General Bancorp Technical Analysis (NASDAQ:CATY)
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. The Cathay General Bancorp stock price data and volume are plotted in CATY 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 Cathay General Bancorp. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Cathay General Bancorp stock analysis.
Cathay General Bancorp Moving Average
Moving averages show the average price of CATY 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 $39.75 is below the last closing price of $40.1 and the 50 day moving average of $41.25 is above the last closing price of $40.1. The 10 and 20 day periods can predict short term moving average trends.
Cathay General Bancorp Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Cathay General Bancorp. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Cathay General Bancorp bollinger bands show that the stock price is $40.1, upper band is 40.74, lower band is 38.76, and the average is 39.75.
Cathay General Bancorp 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 Cathay General Bancorp MACD indicator is below 0 indicating a bearish trend.
Cathay General Bancorp 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 . 49.49 is the RSI value of CATY stock.