CPFL Energia Technical Analysis (NYSE:CPL)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The CPFL Energia stock price data and volume are plotted in CPL stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for CPFL Energia. The technical analysis form of CPFL Energia stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
CPFL Energia Moving Average
Moving averages show the CPL stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $11.54 is above the last closing price of $11.05 and the 50 day moving average of $11.47 is above the last closing price of $11.05. The 10 and 20 day periods can predict short term moving average trends.
CPFL Energia 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 CPL stock. CPFL Energia bollinger bands show that the stock price is $11.05, upper band is 12.15, lower band is 10.94, and the average is 11.54.
CPFL Energia 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 CPFL Energia MACD indicator can be used to identify bullish and bearish trends for the stock.
CPFL Energia Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of CPL stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.