Century Aluminum Technical Analysis (NASDAQ:CENX)
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 CENX stock chart pattern can give those who understand technical analysis an indication of which way CENX stock is headed, but cannot predict with 100% certainty as to what can happen to the Century Aluminum stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Century Aluminum. Technical analysis uses an approach for Century Aluminum stock analysis that does not care for the fair value of a company but uses price and volume data only.
Century Aluminum Moving Average
Moving averages show the average price of CENX stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $12.59 is above the last closing price of $12.02 and the 50 day moving average of $14.38 is above the last closing price of $12.02. The 10 and 20 day periods can predict short term moving average trends.
Century Aluminum Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Century Aluminum. 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 lower band in the context of Century Aluminum bollinger bands.
Century Aluminum 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 Century Aluminum MACD indicator can be used to identify bullish and bearish trends for the stock.
Century Aluminum Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of CENX stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.