Columbus McKinnon Technical Analysis (NASDAQ:CMCO)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. Just by looking at the Columbus McKinnon 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 CMCO stock chart which creates a trading signal.
See Columbus McKinnon bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Columbus McKinnon stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
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. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Columbus McKinnon are mostly signals of long term trends and will help long term traders.
Columbus McKinnon Bollinger Bands
Bollinger bands comprise of a center line usually CMCO SMA, and two CMCO 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. The stock price is trading between the average and the lower 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 gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Columbus McKinnon MACD line is above the signal line.
Columbus McKinnon Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of CMCO stock is 5.13.