Cabot Microelectronics Technical Analysis (NASDAQ:CCMP)
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. The Cabot Microelectronics stock price data and volume are plotted in CCMP stock charts and these trading charts form the basis of technical analysis.
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 Cabot Microelectronics. The technical analysis form of Cabot Microelectronics stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Cabot Microelectronics Moving Average:
CCMP 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 Cabot Microelectronics chart patterns after the calculations remain the same. The 100 day moving average of 75.06 is above the last closing price of 69.66. The 20 day moving average of $71.62 is above the last closing price of $69.66 and the 50 day moving average of $74.25 is above the $69.66 price. The 10 and 20 day periods can predict short term moving average trends.
Cabot Microelectronics Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Cabot Microelectronics. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the lower band in the context of Cabot Microelectronics bollinger bands.
Cabot Microelectronics 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 Cabot Microelectronics MACD indicator is below 0 indicating a bearish trend.
Cabot Microelectronics Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. If the RSI of CCMP stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .