Cobalt International Energy Technical Analysis (OTCMKTS:CIEIQ)
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. Just by looking at the Cobalt International Energy 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 CIEIQ stock chart which creates a trading signal.
See Cobalt International Energy bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Cobalt International Energy stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Cobalt International Energy Moving Average
Moving averages show the average price of CIEIQ 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 $0.44 is above the last closing price of $0.03 and the 50 day moving average of $0.73 is above the last closing price of $0.03. The 10 and 20 day periods can predict short term moving average trends.
Cobalt International Energy 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 CIEIQ stock. Cobalt International Energy bollinger bands show that the stock price is $0.03, upper band is 0.55, lower band is 0.32, and the average is 0.44.
Cobalt International Energy 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 Cobalt International Energy MACD line is below the signal line.
Cobalt International Energy Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of CIEIQ stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.