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 Cresud stock price data and volume are plotted in CRESY stock charts and these trading charts form the basis of technical analysis.
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 Cresud. 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 Cresud stock analysis.
Cresud Moving Average
Moving averages show the CRESY 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. The 20 day moving average of $15.85 is below the last closing price of $16.41 and the 50 day moving average of $16.49 is above the last closing price of $16.41. 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. The stock price is trading between the average and the upper band in the context of Cresud bollinger bands.
Cresud 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 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. The relative strength index of CRESY stock is 80.93.