Community Bank System Technical Analysis (NYSE:CBU)
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. When a chart pattern that can predict future Community Bank System stock price movements is formed, the CBU stock chart can become a key tool for a technical analyst.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Community Bank System. 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 Community Bank System stock analysis.
Community Bank System Moving Average:
Moving averages help predict the price direction of CBU stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. Moving averages can be used for CBU trend identification. A rising moving average shows that stock prices are generally increasing.
Community Bank System Bollinger Bands:
Bollinger bands comprise of a center line usually CBU SMA, and two CBU stock price bands above and below it. The stock is considered over brought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the lower band in the context of Community Bank System bollinger bands.
Community Bank System 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 Community Bank System MACD line is above the signal line.
Community Bank System 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. 40.75 is the RSI value of CBU stock. .