CDI Corp Technical Analysis (NYSE:CDI)
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. Just by looking at the CDI Corp 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 CDI stock chart which creates a trading signal.
See CDI Corp bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of CDI Corp stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
CDI Corp Moving Average
Moving averages show the average price of CDI stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $8.23 is above the price of $8.2.
CDI Corp Bollinger Bands
Bollinger bands comprise of a center line usually CDI SMA, and two CDI 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 $8.2 is in the lower range of CDI Corp bollinger bands.
CDI Corp Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The CDI Corp MACD indicator can be used to identify bullish and bearish trends for the stock.
CDI Corp Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 50 is the RSI value of CDI stock.