CBS Corp Technical Analysis (NYSE:CBS)
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. A CBS stock chart pattern can give those who understand technical analysis an indication of which way CBS stock is headed, but cannot predict with 100% certainty as to what can happen to the CBS Corp stock price.
See CBS Corp bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis uses an approach for CBS Corp stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
CBS Corp Moving Average:
CBS stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of CBS Corp chart patterns after the calculations remain the same. The 100 day moving average of 63.01 is above the last closing price of 59.23. Moving averages can be used for CBS trend identification. A rising moving average shows that stock prices are generally increasing.
CBS Corp Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of CBS Corp stock price relative to previous trades. CBS Corp bollinger bands show that the stock price is $59.23, upper band is 70.26, lower band is 65.48, and the average is 67.87.
CBS Corp 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 CBS Corp MACD indicator is above 0 indicating a bullish trend.
CBS Corp 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. If the RSI of CBS stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .