Catalyst Pharma Technical Analysis (NASDAQ:CPRX)
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 CPRX stock chart pattern can give those who understand technical analysis an indication of which way CPRX stock is headed, but cannot predict with 100% certainty as to what can happen to the Catalyst Pharma stock price.
See Catalyst Pharma bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. 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 Catalyst Pharma stock analysis.
Catalyst Pharma Moving Average
Moving averages help predict the price direction of CPRX stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Catalyst Pharma are mostly signals of long term trends and will help long term traders.
Catalyst Pharma Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Catalyst Pharma. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $3.07 is in the lower range of Catalyst Pharma bollinger bands.
Catalyst Pharma 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 Catalyst Pharma MACD line is above the signal line.
Catalyst Pharma 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 . 51.43 is the RSI value of CPRX stock.