Companhia Brasileira Technical Analysis (NYSE:CBD)
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 CBD stock chart pattern can give those who understand technical analysis an indication of which way CBD stock is headed, but cannot predict with 100% certainty as to what can happen to the Companhia Brasileira stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Companhia Brasileira. The technical analysis form of Companhia Brasileira stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Companhia Brasileira Moving Average
Moving averages show the average price of CBD stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Companhia Brasileira are mostly signals of long term trends and will help long term traders.
Companhia Brasileira Bollinger Bands
Bollinger bands comprise of a center line usually CBD SMA, and two CBD 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. Companhia Brasileira bollinger bands show that the stock price is $21.85, upper band is 25.32, lower band is 19.96, and the average is 22.64.
Companhia Brasileira 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 Companhia Brasileira MACD indicator is above 0 indicating a bullish trend.
Companhia Brasileira 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 . The relative strength index of CBD stock is 33.76.