Cotiviti Holdings Technical Analysis (NYSE:COTV)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. Just by looking at the Cotiviti Holdings 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 COTV stock chart which creates a trading signal.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Cotiviti Holdings. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking Cotiviti Holdings stock analysis using these technical indicators helps identify trading opportunities.
Cotiviti Holdings Moving Average:
Moving averages help predict the price direction of COTV stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. One needs to choose the duration of a moving average depending on the investment objective and investment horizon. For periods greater than 100, it takes a larger and longer COTV stock price movement for the moving average to change course.
Cotiviti Holdings Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Cotiviti Holdings. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the lower band in the context of Cotiviti Holdings bollinger bands.
Cotiviti Holdings 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 Cotiviti Holdings MACD indicator is above 0 indicating a bullish trend.
Cotiviti Holdings Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. 37.43 is the RSI value of COTV stock. .