Cymabay Technical Analysis (NASDAQ:CBAY)
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 Cymabay 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 CBAY stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Cymabay. Technical analysis uses an approach for Cymabay stock analysis that does not care for the fair value of a company but uses price and volume data only.
Cymabay Moving Average
Moving averages help predict the price direction of CBAY stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Cymabay are mostly signals of long term trends and will help long term traders.
Cymabay Bollinger Bands
Bollinger bands comprise of a center line usually CBAY SMA, and two CBAY 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. Cymabay bollinger bands show that the stock price is $13.2, upper band is 15.47, lower band is 13.55, and the average is 14.51.
Cymabay Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Cymabay MACD indicator can be used to identify bullish and bearish trends for the stock.
Cymabay Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of CBAY stock is 45.14.