Cherry Hill Mortgage Investment Technical Analysis (NYSE:CHMI)
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. Just by looking at the Cherry Hill Mortgage Investment stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the CHMI stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Cherry Hill Mortgage Investment. Technical analysis uses an approach for Cherry Hill Mortgage Investment stock analysis that does not care for the fair value of a company but uses price and volume data only.
Cherry Hill Mortgage Investment Moving Average
Moving averages help predict the price direction of CHMI 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 $18.15 is below the price of $18.29.
Cherry Hill Mortgage Investment Bollinger Bands
Bollinger bands comprise of a center line usually CHMI SMA, and two CHMI 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 $18.29 is in the upper range of Cherry Hill Mortgage Investment bollinger bands.
Cherry Hill Mortgage Investment 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 Cherry Hill Mortgage Investment MACD indicator can be used to identify bullish and bearish trends for the stock.
Cherry Hill Mortgage Investment 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 CHMI stock is 68.38.