China Lending Technical Analysis (NASDAQ:CLDC)
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 China Lending stock price data and volume are plotted in CLDC stock charts and these trading charts form the basis of technical analysis.
See China Lending bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. 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 China Lending stock analysis.
China Lending Moving Average
Moving averages show the average price of CLDC stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $1.61 is above the price of $1.02.
China Lending 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 CLDC stock. China Lending bollinger bands show that the stock price is $1.02, upper band is 2.17, lower band is 1.04, and the average is 1.61.
China Lending 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 China Lending MACD indicator is below 0 indicating a bearish trend.
China Lending Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 23.51 is the RSI value of CLDC stock.