China Cord Blood Corp Technical Analysis (NYSE:CO)
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. A CO stock chart pattern can give those who understand technical analysis an indication of which way CO stock is headed, but cannot predict with 100% certainty as to what can happen to the China Cord Blood Corp stock price.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for China Cord Blood Corp. The technical analysis form of China Cord Blood Corp stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
China Cord Blood Corp Moving Average:
Moving averages help predict the price direction of CO stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A rise in trend over the long term indicates a long term uptrend. Similarly a falling CO moving average implies that China Cord Blood Corp stock price is falling.
China Cord Blood Corp Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of China Cord Blood Corp stock price relative to previous trades. China Cord Blood Corp bollinger bands show that the stock price is $11.5, upper band is 6.32, lower band is 5.55, and the average is 5.93.
China Cord Blood Corp 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 China Cord Blood Corp MACD indicator can be used to identify bullish and bearish trends for the stock.
China Cord Blood Corp 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 CO stock is 16.27. .