Campbell Soup Technical Analysis (NYSE:CPB)
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. The CPB stock chart pattern can give those who understand technical analysis an indication of which way CPB stock is headed, but cannot predict with 100% certainty as to what can happen to the Campbell Soup stock price.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Campbell Soup. The technical analysis form of Campbell Soup stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Campbell Soup Moving Average
Moving averages show the average price of CPB 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 $41.58 is below the last closing price of $42.18 and the 50 day moving average of $40.37 is below the last closing price of $42.18. The 10 and 20 day periods can predict short term moving average trends.
Campbell Soup Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Campbell Soup. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $42.18 is in the upper range of Campbell Soup bollinger bands.
Campbell Soup 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 Campbell Soup MACD indicator is above 0 indicating a bullish trend.
Campbell Soup Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of CPB stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.