Chemed Technical Analysis (NYSE:CHE)
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 Chemed stock price data and volume are plotted in CHE 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 Chemed. The technical analysis form of Chemed stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Chemed Moving Average:
CHE stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of Chemed chart patterns after the calculations remain the same. The 100 day moving average of 198.76 is above the last closing price of 187.96. Moving averages can be used for CHE trend identification. A rising moving average shows that stock prices are generally increasing.
Chemed 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 CHE stock. Currently the stock price of $187.96 is in the lower range of Chemed bollinger bands.
Chemed 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 Chemed MACD indicator is above 0 indicating a bullish trend.
Chemed Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of CHE stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .