Coda Octopus Technical Analysis (NASDAQ:CODA)
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. Just by looking at the Coda Octopus stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the CODA stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Coda Octopus. The technical analysis form of Coda Octopus stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Coda Octopus Moving Average
Moving averages show the average price of CODA 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 Coda Octopus are mostly signals of long term trends and will help long term traders.
Coda Octopus Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the CODA stock. Coda Octopus bollinger bands show that the stock price is $3.99, upper band is 4.08, lower band is 3.65, and the average is 3.87.
Coda Octopus 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 Coda Octopus MACD indicator can be used to identify bullish and bearish trends for the stock.
Coda Octopus 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 CODA stock is 54.37.