CHS Technical Analysis (NASDAQ:CHSCP)
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 CHS stock price data and volume are plotted in CHSCP 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 CHS. The technical analysis form of CHS stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
CHS Moving Average
Moving averages help predict the price direction of CHSCP 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 $30.02 is above the last closing price of $29.56 and the 50 day moving average of $29.96 is above the last closing price of $29.56. The 10 and 20 day periods can predict short term moving average trends.
CHS 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 CHSCP stock. Currently the stock price of $29.56 is in the lower range of CHS bollinger bands.
CHS 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 CHS MACD indicator can be used to identify bullish and bearish trends for the stock.
CHS Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of CHSCP stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.