Chico's FAS Technical Analysis (NYSE:CHS)
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. Just by looking at the Chico's FAS 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 CHS stock chart which creates a trading signal.
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 Chico's FAS. Technical analysis uses an approach for Chico's FAS stock analysis that does not care for the fair value of a company but uses price and volume data only.
Chico's FAS Moving Average
Moving averages help predict the price direction of CHS stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $9.12 is below the last closing price of $10.29 and the 50 day moving average of $8.74 is below the last closing price of $10.29. The 10 and 20 day periods can predict short term moving average trends.
Chico's FAS Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Chico's FAS. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $10.29 is in the upper range of Chico's FAS bollinger bands.
Chico's FAS 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 Chico's FAS MACD indicator can be used to identify bullish and bearish trends for the stock.
Chico's FAS Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 78.33 is the RSI value of CHS stock.