Cinedigm Technical Analysis (NASDAQ:CIDM)
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. The CIDM stock chart pattern can give those who understand technical analysis an indication of which way CIDM stock is headed, but cannot predict with 100% certainty as to what can happen to the Cinedigm stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Cinedigm. Technical analysis uses an approach for Cinedigm stock analysis that does not care for the fair value of a company but uses price and volume data only.
Cinedigm Moving Average
Moving averages show the CIDM stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Cinedigm are mostly signals of long term trends and will help long term traders.
Cinedigm Bollinger Bands
Bollinger bands comprise of a center line usually CIDM SMA, and two CIDM 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. Cinedigm bollinger bands show that the stock price is $1.46, upper band is 1.62, lower band is 1.46, and the average is 1.54.
Cinedigm 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 Cinedigm MACD indicator is above 0 indicating a bullish trend.
Cinedigm 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 CIDM stock is 43.48.