Chicago Bridge & Iron Technical Analysis (NYSE:CBI)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The CBI stock chart pattern can give those who understand technical analysis an indication of which way CBI stock is headed, but cannot predict with 100% certainty as to what can happen to the Chicago Bridge & Iron stock price.
See Chicago Bridge & Iron bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. 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 Chicago Bridge & Iron stock analysis.
Chicago Bridge & Iron Moving Average
Moving averages show the CBI stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $15.17 is below the price of $16.39.
Chicago Bridge & Iron Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Chicago Bridge & Iron. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the upper band in the context of Chicago Bridge & Iron bollinger bands.
Chicago Bridge & Iron 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 Chicago Bridge & Iron MACD indicator is below 0 indicating a bearish trend.
Chicago Bridge & Iron Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 62.4 is the RSI value of CBI stock.