Charter Financial Corp. Technical Analysis (NASDAQ:CHFN)
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 Charter Financial Corp. stock price data and volume are plotted in CHFN 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 Charter Financial Corp.. 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 Charter Financial Corp. stock analysis.
Charter Financial Corp. Moving Average
Moving averages help predict the price direction of CHFN stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Charter Financial Corp. are mostly signals of long term trends and will help long term traders.
Charter Financial Corp. Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Charter Financial Corp.. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $25.04 is in the upper range of Charter Financial Corp. bollinger bands.
Charter Financial Corp. 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 Charter Financial Corp. MACD indicator can be used to identify bullish and bearish trends for the stock.
Charter Financial Corp. Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . The relative strength index of CHFN stock is 52.16.