Crescent Point Energy Technical Analysis (NYSE:CPG)
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. The Crescent Point Energy stock price data and volume are plotted in CPG stock charts and these trading charts form the basis of technical analysis.
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 Crescent Point Energy. Technical analysis uses an approach for Crescent Point Energy stock analysis that does not care for the fair value of a company but uses price and volume data only.
Crescent Point Energy Moving Average
Moving averages help predict the price direction of CPG stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $7.68 is above the last closing price of $7.09 and the 50 day moving average of $8.09 is above the last closing price of $7.09. The 10 and 20 day periods can predict short term moving average trends.
Crescent Point Energy Bollinger Bands
Bollinger bands comprise of a center line usually CPG SMA, and two CPG stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Crescent Point Energy bollinger bands show that the stock price is $7.09, upper band is 8.33, lower band is 7.04, and the average is 7.68.
Crescent Point Energy Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Crescent Point Energy MACD line is above the signal line.
Crescent Point Energy Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of CPG stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.