Computer Programs & Systems Technical Analysis (NASDAQ:CPSI)
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. Just by looking at the Computer Programs & Systems 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 CPSI stock chart which creates a trading signal.
See Computer Programs & Systems bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Computer Programs & Systems stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Computer Programs & Systems Moving Average
Moving averages show the CPSI 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. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $31.17 is below the price of $32.55.
Computer Programs & Systems 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 CPSI stock. Currently the stock price of $32.55 is in the upper range of Computer Programs & Systems bollinger bands.
Computer Programs & Systems 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 Computer Programs & Systems MACD indicator is below 0 indicating a bearish trend.
Computer Programs & Systems Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of CPSI stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.