Cheviot Financial Technical Analysis (NASDAQ:CHEV)
Technical chart patterns are studied in depth by people who strongly believe in technical analysis. These type of investors who look at trading charts or technical stock charts are usually traders rather than value investors. The Cheviot Financial stock price data and volume are plotted in CHEV stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Cheviot Financial. The technical analysis form of Cheviot Financial stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Cheviot Financial Moving Average:
Moving averages show the average price of CHEV stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Cheviot Financial are mostly signals of long term trends and will help long term traders.
Cheviot Financial Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of Cheviot Financial stock price relative to previous trades. Currently the stock price of $15.01 is in the upper range of Cheviot Financial bollinger bands.
Cheviot Financial Moving Average Convergence Divergence or MACD:
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Cheviot Financial MACD indicator is below 0 indicating a bearish trend.
Cheviot Financial 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 CHEV stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .