CNB Financial Technical Analysis (NASDAQ:CCNE)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The CNB Financial stock price data and volume are plotted in CCNE 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 CNB Financial. The technical analysis form of CNB Financial stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
CNB Financial Moving Average
Moving averages show the CCNE 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 CNB Financial are mostly signals of long term trends and will help long term traders.
CNB Financial Bollinger Bands
Bollinger bands comprise of a center line usually CCNE SMA, and two CCNE stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $27.74 is in the upper range of CNB Financial bollinger bands.
CNB Financial 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 CNB Financial MACD line is above the signal line.
CNB Financial Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of CCNE stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.