CNA Financial Technical Analysis (NYSE:CNA)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the CNA Financial 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 CNA stock chart which creates a trading signal.
See CNA Financial 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 CNA Financial stock analysis.
CNA Financial Moving Average
Moving averages show the average price of CNA 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 $45.3 is below the price of $47.62.
CNA Financial Bollinger Bands
Bollinger bands comprise of a center line usually CNA SMA, and two CNA 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. CNA Financial bollinger bands show that the stock price is $47.62, upper band is 46.46, lower band is 44.14, and the average is 45.3.
CNA Financial 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 CNA Financial MACD line is above the signal line.
CNA Financial Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of CNA stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.