Central European Media Technical Analysis (NASDAQ:CETV)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. Just by looking at the Central European Media stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the CETV stock chart which creates a trading signal.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Central European Media. Technical analysis uses an approach for Central European Media stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
Central European Media Moving Average:
Moving averages help predict the price direction of CETV stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. Moving averages can be used for CETV trend identification. A rising moving average shows that stock prices are generally increasing.
Central European Media Bollinger Bands:
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the CETV stock. Currently the stock price of $4.05 is in the upper range of Central European Media bollinger bands.
Central European Media 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 European Media MACD indicator can be used to identify bullish and bearish trends for the stock.
Central European Media 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 CETV stock is 40. .