China Mobile Technical Analysis (NYSE:CHL)
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 CHL stock chart pattern can give those who understand technical analysis an indication of which way CHL stock is headed, but cannot predict with 100% certainty as to what can happen to the China Mobile stock price.
See China Mobile bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of China Mobile stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
China Mobile Moving Average
Moving averages show the CHL 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 longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for China Mobile are mostly signals of long term trends and will help long term traders.
China Mobile 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 CHL stock. Currently the stock price of $48.42 is in the upper range of China Mobile bollinger bands.
China Mobile 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 China Mobile MACD line is below the signal line.
China Mobile 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 CHL stock is 52.44.