Corium Technical Analysis (NASDAQ:CORI)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the Corium 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 CORI stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Corium. The technical analysis form of Corium stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Corium Moving Average
Moving averages show the average price of CORI 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 $7.99 is below the last closing price of $8.89 and the 50 day moving average of $8.27 is below the last closing price of $8.89. The 10 and 20 day periods can predict short term moving average trends.
Corium Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Corium. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Corium bollinger bands show that the stock price is $8.89, upper band is 9.42, lower band is 6.56, and the average is 7.99.
Corium 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 Corium MACD line is below the signal line.
Corium Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. If the RSI of CORI stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.