Cheetah Mobile Technical Analysis (NYSE:CMCM)
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 CMCM stock chart pattern can give those who understand technical analysis an indication of which way CMCM stock is headed, but cannot predict with 100% certainty as to what can happen to the Cheetah Mobile stock price.
See Cheetah Mobile bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Cheetah Mobile stock analysis that does not care for the fair value of a company but uses price and volume data only.
Cheetah Mobile Moving Average
Moving averages show the average price of CMCM 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 $8.59 is below the price of $9.1.
Cheetah Mobile Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Cheetah Mobile. 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 Cheetah Mobile bollinger bands.
Cheetah Mobile 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 Cheetah Mobile MACD line is above the signal line.
Cheetah Mobile Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 66.54 is the RSI value of CMCM stock.