Cherokee Technical Analysis (NASDAQ:CHKE)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The CHKE stock chart pattern can give those who understand technical analysis an indication of which way CHKE stock is headed, but cannot predict with 100% certainty as to what can happen to the Cherokee stock price.
See Cherokee bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Cherokee stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Cherokee Moving Average
Moving averages help predict the price direction of CHKE stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $1.49 is above the price of $1.45.
Cherokee 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 CHKE stock. Cherokee bollinger bands show that the stock price is $1.45, upper band is 1.65, lower band is 1.33, and the average is 1.49.
Cherokee 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 Cherokee MACD indicator is below 0 indicating a bearish trend.
Cherokee Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 53.33 is the RSI value of CHKE stock.