ChemoCentryx Technical Analysis (NASDAQ:CCXI)
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 ChemoCentryx stock price data and volume are plotted in CCXI stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for ChemoCentryx. The technical analysis form of ChemoCentryx stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
ChemoCentryx Moving Average
Moving averages help predict the price direction of CCXI stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for ChemoCentryx are mostly signals of long term trends and will help long term traders.
ChemoCentryx Bollinger Bands
Bollinger bands comprise of a center line usually CCXI SMA, and two CCXI 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. ChemoCentryx bollinger bands show that the stock price is $11.83, upper band is 13.45, lower band is 10.1, and the average is 11.77.
ChemoCentryx 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 ChemoCentryx MACD line is above the signal line.
ChemoCentryx 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 . If the RSI of CCXI stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.