America's Car-Mart Technical Analysis (NASDAQ:CRMT)
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 America's Car-Mart stock price data and volume are plotted in CRMT stock charts and these trading charts form the basis of technical analysis.
See America's Car-Mart bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of America's Car-Mart stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
America's Car-Mart Moving Average
Moving averages help predict the price direction of CRMT 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 $65.42 is below the last closing price of $81.55 and the 50 day moving average of $64.71 is below the last closing price of $81.55. The 10 and 20 day periods can predict short term moving average trends.
America's Car-Mart Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like America's Car-Mart. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. America's Car-Mart bollinger bands show that the stock price is $81.55, upper band is 73.07, lower band is 57.78, and the average is 65.42.
America's Car-Mart 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 America's Car-Mart MACD indicator is above 0 indicating a bullish trend.
America's Car-Mart Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 91.53 is the RSI value of CRMT stock.