Capstone Turbine Technical Analysis (NASDAQ:CPST)
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 Capstone Turbine 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 CPST stock chart which creates a trading signal.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Capstone Turbine. The technical analysis form of Capstone Turbine stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Capstone Turbine Moving Average
Moving averages show the average price of CPST stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $1.58 is above the last closing price of $1.54 and the 50 day moving average of $1.51 is below the last closing price of $1.54. The 10 and 20 day periods can predict short term moving average trends.
Capstone Turbine Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Capstone Turbine. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the lower band in the context of Capstone Turbine bollinger bands.
Capstone Turbine 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 Capstone Turbine MACD line is above the signal line.
Capstone Turbine 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 . 40.48 is the RSI value of CPST stock.