Ceres Technical Analysis (NASDAQ:CERE)
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 Ceres stock price data and volume are plotted in CERE stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Ceres. 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 Ceres stock analysis.
Ceres Moving Average
Moving averages help predict the price direction of CERE 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 $0.4 is below the price of $0.4.
Ceres Bollinger Bands
Bollinger bands comprise of a center line usually CERE SMA, and two CERE 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 $0.4 is in the lower range of Ceres bollinger bands.
Ceres 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 Ceres MACD indicator can be used to identify bullish and bearish trends for the stock.
Ceres Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of CERE stock is 62.5.