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. Just by looking at the CBS Corp 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 CBS stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for CBS Corp. 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 CBS Corp stock analysis.
CBS Corp Moving Average
Moving averages help predict the price direction of CBS stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $56.25 is above the last closing price of $55.39 and the 50 day moving average of $57.6 is above the last closing price of $55.39. The 10 and 20 day periods can predict short term moving average trends.
CBS Corp 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 CBS stock. Currently the stock price of $55.39 is in the lower range of CBS Corp bollinger bands.
CBS Corp Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The CBS Corp MACD indicator can be used to identify bullish and bearish trends for the stock.
CBS Corp 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 CBS stock is 39.47.