Columbus McKinnon Technical Analysis (NASDAQ:CMCO)
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 CMCO stock chart pattern can give those who understand technical analysis an indication of which way CMCO stock is headed, but cannot predict with 100% certainty as to what can happen to the Columbus McKinnon stock price.
See Columbus McKinnon 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 Columbus McKinnon stock analysis.
Columbus McKinnon Moving Average
Moving averages help predict the price direction of CMCO stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $36.01 is below the price of $37.21.
Columbus McKinnon Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Columbus McKinnon. 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 Columbus McKinnon bollinger bands.
Columbus McKinnon 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 Columbus McKinnon MACD line is below the signal line.
Columbus McKinnon 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. If the RSI of CMCO stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.