Charm Communications Technical Analysis (NASDAQ:CHRM)
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 Charm Communications stock price data and volume are plotted in CHRM stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Charm Communications. Technical analysis uses an approach for Charm Communications stock analysis that does not care for the fair value of a company but uses price and volume data only.
Charm Communications Moving Average
Moving averages show the average price of CHRM stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $4.62 is below the price of $4.63.
Charm Communications Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Charm Communications. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Charm Communications bollinger bands show that the stock price is $4.63, upper band is 4.64, lower band is 4.6, and the average is 4.62.
Charm Communications 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 Charm Communications MACD indicator can be used to identify bullish and bearish trends for the stock.
Charm Communications 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. If the RSI of CHRM stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.