China Cord Blood Corp Technical Analysis (NYSE:CO)
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 China Cord Blood Corp stock price data and volume are plotted in CO stock charts and these trading charts form the basis of technical analysis.
See China Cord Blood Corp bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. 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 show the CO 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 $9.98 is below the last closing price of $10.52 and the 50 day moving average of $9.84 is below the last closing price of $10.52. The 10 and 20 day periods can predict short term moving average trends.
China Cord Blood Corp Bollinger Bands
Bollinger bands comprise of a center line usually CO SMA, and two CO 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. China Cord Blood Corp bollinger bands show that the stock price is $10.52, upper band is 11.54, lower band is 8.41, and the average is 9.98.
China Cord Blood Corp Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The China Cord Blood Corp MACD indicator is above 0 indicating a bullish trend.
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 72.33.