Chemical Financial Corp. Technical Analysis (NASDAQ:CHFC)
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. The CHFC stock chart pattern can give those who understand technical analysis an indication of which way CHFC stock is headed, but cannot predict with 100% certainty as to what can happen to the Chemical Financial Corp. stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Chemical Financial Corp.. The technical analysis form of Chemical Financial Corp. stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Chemical Financial Corp. Moving Average
Moving averages show the CHFC 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. The 20 day moving average of $54.54 is below the last closing price of $55.7 and the 50 day moving average of $55.97 is above the last closing price of $55.7. The 10 and 20 day periods can predict short term moving average trends.
Chemical Financial Corp. Bollinger Bands
Bollinger bands comprise of a center line usually CHFC SMA, and two CHFC 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 $55.7 is in the upper range of Chemical Financial Corp. bollinger bands.
Chemical Financial Corp. 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 Chemical Financial Corp. MACD indicator is below 0 indicating a bearish trend.
Chemical Financial Corp. 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. The relative strength index of CHFC stock is 55.67.