Concert Pharma Technical Analysis (NASDAQ:CNCE)
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 Concert Pharma 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 CNCE stock chart which creates a trading signal.
See Concert Pharma bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Concert Pharma stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Concert Pharma Moving Average
Moving averages help predict the price direction of CNCE 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 $14.66 is above the last closing price of $13.75 and the 50 day moving average of $15.74 is above the last closing price of $13.75. The 10 and 20 day periods can predict short term moving average trends.
Concert Pharma Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Concert Pharma. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the lower band in the context of Concert Pharma bollinger bands.
Concert Pharma 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 Concert Pharma MACD indicator is below 0 indicating a bearish trend.
Concert Pharma Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . The relative strength index of CNCE stock is 27.54.