China Mobile Games Technical Analysis (NASDAQ:CMGE)

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$21.8 $0.06 (0.28%) CMGE stock closing price Aug 10, 2015 (Closing)

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 China Mobile Games 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 CMGE stock chart which creates a trading signal.

View technical indicators like moving averages - SMA and EMA, and bollinger bands for China Mobile Games. The technical analysis form of China Mobile Games stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.

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China Mobile Games Moving Average

Moving averages show the average price of CMGE stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for China Mobile Games are mostly signals of long term trends and will help long term traders.

China Mobile Games Bollinger Bands

Bollinger bands consist of two price bands above and below a center line for any company stock like China Mobile Games. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. China Mobile Games bollinger bands show that the stock price is $21.8, upper band is 21.81, lower band is 21.27, and the average is 21.54.

China Mobile Games 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 China Mobile Games MACD indicator can be used to identify bullish and bearish trends for the stock.

China Mobile Games Relative Strength Index

The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 84.44 is the RSI value of CMGE stock.