Consolidated Communications Technical Analysis (NASDAQ:CNSL)
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. The CNSL stock chart pattern can give those who understand technical analysis an indication of which way CNSL stock is headed, but cannot predict with 100% certainty as to what can happen to the Consolidated Communications stock price.
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 Consolidated Communications. The technical analysis form of Consolidated Communications stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Consolidated Communications Moving Average
Moving averages show the average price of CNSL 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 Consolidated Communications are mostly signals of long term trends and will help long term traders.
Consolidated Communications Bollinger Bands
Bollinger bands comprise of a center line usually CNSL SMA, and two CNSL 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. Currently the stock price of $11.89 is in the upper range of Consolidated Communications bollinger bands.
Consolidated Communications 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 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.