China Commercial Credit Technical Analysis (NASDAQ:CCCR)
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 China Commercial Credit 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 CCCR stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for China Commercial Credit. 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 China Commercial Credit stock analysis.
China Commercial Credit Moving Average
Moving averages show the CCCR 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. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for China Commercial Credit are mostly signals of long term trends and will help long term traders.
China Commercial Credit 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 CCCR stock. Currently the stock price of $1.39 is in the lower range of China Commercial Credit bollinger bands.
China Commercial Credit 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 China Commercial Credit MACD indicator is below 0 indicating a bearish trend.
China Commercial Credit 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. The relative strength index of CCCR stock is 32.1.