ChinaNet Online Technical Analysis (NASDAQ:CNET)
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. When a chart pattern that can predict future ChinaNet Online stock price movements is formed, the CNET stock chart can become a key tool for a technical analyst.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for ChinaNet Online. Technical analysis uses an approach for ChinaNet Online stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
ChinaNet Online Moving Average:
Moving averages help predict the price direction of CNET stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for ChinaNet Online are mostly signals of long term trends and will help long term traders.
ChinaNet Online Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like ChinaNet Online. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. ChinaNet Online bollinger bands show that the stock price is $1.28, upper band is 11.89, lower band is 9.66, and the average is 10.77.
ChinaNet Online 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 ChinaNet Online MACD indicator can be used to identify bullish and bearish trends for the stock.
ChinaNet Online 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 CNET stock is 49.82. .