Chiquita Brands Technical Analysis (NYSE:CQB)
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 Chiquita Brands 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 CQB stock chart which creates a trading signal.
See Chiquita Brands 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 Chiquita Brands stock analysis.
Chiquita Brands Moving Average
Moving averages show the CQB 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 $14.46 is below the price of $14.49.
Chiquita Brands Bollinger Bands
Bollinger bands comprise of a center line usually CQB SMA, and two CQB 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. The stock price is trading between the average and the upper band in the context of Chiquita Brands bollinger bands.
Chiquita Brands 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 Chiquita Brands MACD indicator is above 0 indicating a bullish trend.
Chiquita Brands Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of CQB stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.