Chesapeake Lodging Trust Technical Analysis (NYSE:CHSP)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. Just by looking at the Chesapeake Lodging Trust 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 CHSP stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Chesapeake Lodging Trust. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Chesapeake Lodging Trust stock analysis.
Chesapeake Lodging Trust Moving Average
Moving averages show the average price of CHSP stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $32.85 is below the last closing price of $33.58 and the 50 day moving average of $32.37 is below the last closing price of $33.58. The 10 and 20 day periods can predict short term moving average trends.
Chesapeake Lodging Trust Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Chesapeake Lodging Trust. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the upper band in the context of Chesapeake Lodging Trust bollinger bands.
Chesapeake Lodging Trust 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 Chesapeake Lodging Trust MACD indicator can be used to identify bullish and bearish trends for the stock.
Chesapeake Lodging Trust 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 CHSP stock is 71.75.