CombiMatrix Technical Analysis (NASDAQ:CBMX)
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 CombiMatrix 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 CBMX stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for CombiMatrix. Technical analysis uses an approach for CombiMatrix stock analysis that does not care for the fair value of a company but uses price and volume data only.
CombiMatrix Moving Average
Moving averages show the average price of CBMX 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 $7.34 is above the price of $6.25.
CombiMatrix Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the CBMX stock. CombiMatrix bollinger bands show that the stock price is $6.25, upper band is 8.23, lower band is 6.44, and the average is 7.34.
CombiMatrix 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 CombiMatrix MACD line is above the signal line.
CombiMatrix 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 . 33.33 is the RSI value of CBMX stock.