CMS Bancorp Technical Analysis (NASDAQ:CMSB)
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. Just by looking at the CMS Bancorp 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 CMSB stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for CMS Bancorp. The technical analysis form of CMS Bancorp stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
CMS Bancorp Moving Average
Moving averages show the average price of CMSB 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 $13.21 is below the price of $13.25.
CMS Bancorp 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 CMSB stock. CMS Bancorp bollinger bands show that the stock price is $13.25, upper band is 13.31, lower band is 13.11, and the average is 13.21.
CMS Bancorp 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 CMS Bancorp MACD line is below the signal line.
CMS Bancorp Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of CMSB stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.