Costamare Technical Analysis (NYSE:CMRE)
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. The Costamare stock price data and volume are plotted in CMRE stock charts and these trading charts form the basis of technical analysis.
See Costamare bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Costamare stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Costamare Moving Average
Moving averages help predict the price direction of CMRE stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $6.26 is below the last closing price of $6.38 and the 50 day moving average of $6.32 is below the last closing price of $6.38. The 10 and 20 day periods can predict short term moving average trends.
Costamare 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 CMRE stock. The stock price is trading between the average and the upper band in the context of Costamare bollinger bands.
Costamare 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 Costamare MACD indicator is above 0 indicating a bullish trend.
Costamare 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 CMRE stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.