Consumer Portfolio Technical Analysis (NASDAQ:CPSS)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the Consumer Portfolio 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 CPSS stock chart which creates a trading signal.
See Consumer Portfolio 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 Consumer Portfolio stock analysis.
Consumer Portfolio Moving Average
Moving averages show the average price of CPSS stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $4.07 is below the price of $4.22.
Consumer Portfolio Bollinger Bands
Bollinger bands comprise of a center line usually CPSS SMA, and two CPSS stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Consumer Portfolio bollinger bands show that the stock price is $4.22, upper band is 4.44, lower band is 3.69, and the average is 4.07.
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 can be used to identify bullish and bearish trends for the stock.
Consumer Portfolio Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of CPSS stock is 65.69.