Central European Media Technical Analysis (NASDAQ:CETV)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The Central European Media stock price data and volume are plotted in CETV 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 European Media. 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 European Media stock analysis.
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. The 20 day moving average of $3.87 is below the last closing price of $4 and the 50 day moving average of $3.96 is below the last closing price of $4. The 10 and 20 day periods can predict short term moving average trends.
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 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 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 Central European Media MACD line is below the signal line.
Central European Media Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. If the RSI of CETV stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.