Cray Technical Analysis (NASDAQ:CRAY)
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. The CRAY stock chart pattern can give those who understand technical analysis an indication of which way CRAY stock is headed, but cannot predict with 100% certainty as to what can happen to the Cray stock price.
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 Cray. Technical analysis uses an approach for Cray stock analysis that does not care for the fair value of a company but uses price and volume data only.
Cray Moving Average
Moving averages help predict the price direction of CRAY stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $21.45 is below the price of $22.55.
Cray 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 CRAY stock. Cray bollinger bands show that the stock price is $22.55, upper band is 23.6, lower band is 19.29, and the average is 21.45.
Cray 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 Cray MACD line is above the signal line.
Cray 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 CRAY stock is 69.37.