China Recycling Energy Technical Analysis (NASDAQ:CREG)
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 China Recycling Energy 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 CREG stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for China Recycling Energy. 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 China Recycling Energy stock analysis.
China Recycling Energy Moving Average
Moving averages help predict the price direction of CREG stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $2.28 is above the last closing price of $2.03 and the 50 day moving average of $2.68 is above the last closing price of $2.03. The 10 and 20 day periods can predict short term moving average trends.
China Recycling Energy 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 CREG stock. China Recycling Energy bollinger bands show that the stock price is $2.03, upper band is 3, lower band is 1.56, and the average is 2.28.
China Recycling Energy Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The China Recycling Energy MACD line is above the signal line.
China Recycling Energy 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 . The relative strength index of CREG stock is 23.33.