Hongli Clean Energy Technical Analysis (NASDAQ:CETC)
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 CETC stock chart pattern can give those who understand technical analysis an indication of which way CETC stock is headed, but cannot predict with 100% certainty as to what can happen to the Hongli Clean Energy stock price.
See Hongli Clean Energy bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Hongli Clean Energy stock analysis that does not care for the fair value of a company but uses price and volume data only.
Hongli Clean Energy Moving Average
Moving averages show the average price of CETC 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 $2.2 is below the last closing price of $4.64 and the 50 day moving average of $2.25 is below the last closing price of $4.64. The 10 and 20 day periods can predict short term moving average trends.
Hongli Clean Energy Bollinger Bands
Bollinger bands comprise of a center line usually CETC SMA, and two CETC 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 $4.64 is in the upper range of Hongli Clean Energy bollinger bands.
Hongli Clean Energy 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 Hongli Clean Energy MACD indicator is below 0 indicating a bearish trend.
Hongli Clean Energy 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 CETC stock is 88.04.