Consolidated Communications Technical Analysis (NASDAQ:CNSL)
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. The Consolidated Communications stock price data and volume are plotted in CNSL stock charts and these trading charts form the basis of technical analysis.
See Consolidated Communications bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking Consolidated Communications stock analysis using these technical indicators helps identify trading opportunities.
Consolidated Communications Moving Average:
Moving averages show the CNSL stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). Moving averages can be used for CNSL trend identification. A rising moving average shows that stock prices are generally increasing.
Consolidated Communications Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of Consolidated Communications stock price relative to previous trades. Currently the stock price of $18.64 is in the lower range of Consolidated Communications bollinger bands.
Consolidated Communications Moving Average Convergence Divergence or MACD:
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Consolidated Communications MACD line is below the signal line.
Consolidated Communications 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 . If the RSI of CNSL stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .