Cencosud Technical Analysis (OTCMKTS:CNCOY)
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 Cencosud 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 CNCOY stock chart which creates a trading signal.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Cencosud. Technical analysis uses an approach for Cencosud stock analysis that does not care for the fair value of a company but uses price and volume data only.
Cencosud Moving Average
Moving averages show the average price of CNCOY 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 Cencosud are mostly signals of long term trends and will help long term traders.
Cencosud Bollinger Bands
Bollinger bands comprise of a center line usually CNCOY SMA, and two CNCOY 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. The stock price is trading between the average and the lower band in the context of Cencosud bollinger bands.
Cencosud 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 Cencosud MACD line is below the signal line.
Cencosud Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of CNCOY stock is 37.27.