Core-Mark Holding Technical Analysis (NASDAQ:CORE)
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 Core-Mark Holding 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 CORE stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Core-Mark Holding. Technical analysis uses an approach for Core-Mark Holding stock analysis that does not care for the fair value of a company but uses price and volume data only.
Core-Mark Holding Moving Average
Moving averages show the average price of CORE stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $21.57 is below the last closing price of $22.45 and the 50 day moving average of $22.44 is below the last closing price of $22.45. The 10 and 20 day periods can predict short term moving average trends.
Core-Mark Holding 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 CORE stock. Core-Mark Holding bollinger bands show that the stock price is $22.45, upper band is 23.45, lower band is 19.69, and the average is 21.57.
Core-Mark Holding 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 Core-Mark Holding MACD indicator can be used to identify bullish and bearish trends for the stock.
Core-Mark Holding Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of CORE stock is 67.99.