Central Garden & Pet Technical Analysis (NASDAQ:CENTA)
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. The Central Garden & Pet stock price data and volume are plotted in CENTA stock charts and these trading charts form the basis of technical analysis.
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 Central Garden & Pet. 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 Central Garden & Pet stock analysis.
Central Garden & Pet Moving Average
Moving averages help predict the price direction of CENTA 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 $40.29 is below the price of $40.91.
Central Garden & Pet Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Central Garden & Pet. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $40.91 is in the upper range of Central Garden & Pet bollinger bands.
Central Garden & Pet 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 Central Garden & Pet MACD indicator is above 0 indicating a bullish trend.
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 . The relative strength index of CENTA stock is 58.26.