CEVA Technical Analysis (NASDAQ:CEVA)
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. Just by looking at the CEVA 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 CEVA stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for CEVA. 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 CEVA stock analysis.
CEVA Moving Average
Moving averages show the CEVA stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $40.51 is above the price of $35.45.
CEVA 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 CEVA stock. Currently the stock price of $35.45 is in the lower range of CEVA bollinger bands.
CEVA 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 CEVA MACD line is above the signal line.
CEVA 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 CEVA stock is 14.96.