ChinaCache Technical Analysis (NASDAQ:CCIH)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The CCIH stock chart pattern can give those who understand technical analysis an indication of which way CCIH stock is headed, but cannot predict with 100% certainty as to what can happen to the ChinaCache stock price.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for ChinaCache. Technical analysis uses an approach for ChinaCache stock analysis that does not care for the fair value of a company but uses price and volume data only.
ChinaCache Moving Average
Moving averages help predict the price direction of CCIH stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $1.1 is below the price of $3.05.
ChinaCache Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like ChinaCache. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $3.05 is in the upper range of ChinaCache bollinger bands.
ChinaCache 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 ChinaCache MACD indicator is above 0 indicating a bullish trend.
ChinaCache 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 . The relative strength index of CCIH stock is 93.91.