Coeur Mining Technical Analysis (NYSE:CDE)
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. Just by looking at the Coeur Mining 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 CDE stock chart which creates a trading signal.
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 Coeur Mining. 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 Coeur Mining stock analysis.
Coeur Mining Moving Average
Moving averages help predict the price direction of CDE 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 $7.99 is below the price of $8.15.
Coeur Mining 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 CDE stock. Currently the stock price of $8.15 is in the upper range of Coeur Mining bollinger bands.
Coeur Mining 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 Coeur Mining MACD indicator can be used to identify bullish and bearish trends for the stock.
Coeur Mining 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. 51.11 is the RSI value of CDE stock.