Cresud Technical Analysis (NASDAQ:CRESY)
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. The CRESY stock chart pattern can give those who understand technical analysis an indication of which way CRESY stock is headed, but cannot predict with 100% certainty as to what can happen to the Cresud stock price.
See Cresud bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Cresud stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Cresud Moving Average
Moving averages show the average price of CRESY 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 $14.08 is below the last closing price of $15.21 and the 50 day moving average of $15.12 is below the last closing price of $15.21. The 10 and 20 day periods can predict short term moving average trends.
Cresud Bollinger Bands
Bollinger bands comprise of a center line usually CRESY SMA, and two CRESY 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. Currently the stock price of $15.21 is in the upper range of Cresud bollinger bands.
Cresud 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 Cresud MACD indicator is below 0 indicating a bearish trend.
Cresud Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of CRESY stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.