Consumer Portfolio Technical Analysis (NASDAQ:CPSS)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. The Consumer Portfolio stock price data and volume are plotted in CPSS stock charts and these trading charts form the basis of technical analysis.
See Consumer Portfolio bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking Consumer Portfolio stock analysis using these technical indicators helps identify trading opportunities.
Consumer Portfolio Moving Average:
Moving averages help predict the price direction of CPSS 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 Consumer Portfolio are mostly signals of long term trends and will help long term traders.
Consumer Portfolio Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of Consumer Portfolio stock price relative to previous trades. Consumer Portfolio bollinger bands show that the stock price is $4.5, upper band is 4.69, lower band is 3.94, and the average is 4.32.
Consumer Portfolio 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 Consumer Portfolio MACD indicator is below 0 indicating a bearish trend.
Consumer Portfolio 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 . 67.33 is the RSI value of CPSS stock. .