Central Federal Technical Analysis (NASDAQ:CFBK)
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. Just by looking at the Central Federal 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 CFBK stock chart which creates a trading signal.
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 Federal. The technical analysis form of Central Federal stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Central Federal Moving Average
Moving averages help predict the price direction of CFBK 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 $2.46 is below the price of $2.52.
Central Federal Bollinger Bands
Bollinger bands comprise of a center line usually CFBK SMA, and two CFBK 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 $2.52 is in the upper range of Central Federal bollinger bands.
Central Federal 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 Federal MACD line is above the signal line.
Central Federal Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of CFBK stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.