China Shengda Packaging Technical Analysis (NASDAQ:CPGI)
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 China Shengda Packaging 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 CPGI stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for China Shengda Packaging. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of China Shengda Packaging stock analysis.
China Shengda Packaging Moving Average
Moving averages show the average price of CPGI 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 $6.84 is above the last closing price of $6.73 and the 50 day moving average of $6.8 is above the last closing price of $6.73. The 10 and 20 day periods can predict short term moving average trends.
China Shengda Packaging 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 CPGI stock. Currently the stock price of $6.73 is in the lower range of China Shengda Packaging bollinger bands.
China Shengda Packaging 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 China Shengda Packaging MACD indicator is below 0 indicating a bearish trend.
China Shengda Packaging Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . If the RSI of CPGI stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.