City Holding Technical Analysis (NASDAQ:CHCO)
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. A CHCO stock chart pattern can give those who understand technical analysis an indication of which way CHCO stock is headed, but cannot predict with 100% certainty as to what can happen to the City Holding stock price.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for City Holding. 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 City Holding stock analysis.
City Holding Moving Average:
Moving averages show the average price of CHCO 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 $64.52 is below the last closing price of $71.99 and the 50 day moving average of $64.97 is below the $71.99 price. The 10 and 20 day periods can predict short term moving average trends.
City Holding Bollinger Bands:
Bollinger bands comprise of a center line usually CHCO SMA, and two CHCO stock price bands above and below it. The stock is considered over brought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the lower band in the context of City Holding bollinger bands.
City Holding 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 City Holding MACD line is above the signal line.
City Holding Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. The relative strength index of CHCO stock is 76.95. .