Conifer Holdings Technical Analysis (NASDAQ:CNFR)
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. The Conifer Holdings stock price data and volume are plotted in CNFR stock charts and these trading charts form the basis of technical analysis.
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 Conifer Holdings. Technical analysis uses an approach for Conifer Holdings stock analysis that does not care for the fair value of a company but uses price and volume data only.
Conifer Holdings Moving Average
Moving averages show the CNFR stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $6.09 is below the last closing price of $6.2 and the 50 day moving average of $5.91 is below the last closing price of $6.2. The 10 and 20 day periods can predict short term moving average trends.
Conifer Holdings Bollinger Bands
Bollinger bands comprise of a center line usually CNFR SMA, and two CNFR 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. Conifer Holdings bollinger bands show that the stock price is $6.2, upper band is 6.44, lower band is 5.74, and the average is 6.09.
Conifer Holdings 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 Conifer Holdings MACD indicator can be used to identify bullish and bearish trends for the stock.
Conifer Holdings 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 . 54.76 is the RSI value of CNFR stock.