Codexis Technical Analysis (NASDAQ:CDXS)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. When a chart pattern that can predict future Codexis stock price movements is formed, the CDXS stock chart can become a key tool for a technical analyst.
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 Codexis. The technical analysis form of Codexis stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Codexis Moving Average:
Moving averages show the CDXS stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). The 20 day moving average of $5.68 is below the last closing price of $5.85 and the 50 day moving average of $5.49 is below the $5.85 price. The 10 and 20 day periods can predict short term moving average trends.
Codexis Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Codexis. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the upper band in the context of Codexis bollinger bands.
Codexis 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 Codexis MACD indicator is below 0 indicating a bearish trend.
Codexis 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 . The relative strength index of CDXS stock is 66.67. .