CENTENNIAL RES Technical Analysis (NASDAQ:CDEV)
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 CDEV stock chart pattern can give those who understand technical analysis an indication of which way CDEV stock is headed, but cannot predict with 100% certainty as to what can happen to the CENTENNIAL RES stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for CENTENNIAL RES. Technical analysis uses an approach for CENTENNIAL RES stock analysis that does not care for the fair value of a company but uses price and volume data only.
CENTENNIAL RES Moving Average
Moving averages show the average price of CDEV stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for CENTENNIAL RES are mostly signals of long term trends and will help long term traders.
CENTENNIAL RES Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like CENTENNIAL RES. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. CENTENNIAL RES bollinger bands show that the stock price is $17.36, upper band is 18.74, lower band is 17.08, and the average is 17.91.
CENTENNIAL RES 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 CENTENNIAL RES MACD indicator can be used to identify bullish and bearish trends for the stock.
CENTENNIAL RES Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 48.06 is the RSI value of CDEV stock.