Central Garden & Pet Technical Analysis (NASDAQ:CENTA)
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 CENTA stock chart pattern can give those who understand technical analysis an indication of which way CENTA stock is headed, but cannot predict with 100% certainty as to what can happen to the Central Garden & Pet stock price.
See Central Garden & Pet bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Central Garden & Pet stock analysis that does not care for the fair value of a company but uses price and volume data only.
Central Garden & Pet Moving Average
Moving averages show the CENTA stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $36.52 is above the last closing price of $35.99 and the 50 day moving average of $37.79 is above the last closing price of $35.99. The 10 and 20 day periods can predict short term moving average trends.
Central Garden & Pet Bollinger Bands
Bollinger bands comprise of a center line usually CENTA SMA, and two CENTA 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. Central Garden & Pet bollinger bands show that the stock price is $35.99, upper band is 37.41, lower band is 35.62, and the average is 36.52.
Central Garden & Pet 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 Central Garden & Pet MACD indicator can be used to identify bullish and bearish trends for the stock.
Central Garden & Pet 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 CENTA stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.