Cirrus Logic Technical Analysis (NASDAQ:CRUS)
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 Cirrus Logic stock price data and volume are plotted in CRUS 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 Cirrus Logic. 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 Cirrus Logic stock analysis.
Cirrus Logic Moving Average:
Moving averages help predict the price direction of CRUS 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 $58.63 is above the last closing price of $54.25 and the 50 day moving average of $61.85 is above the $54.25 price. The 10 and 20 day periods can predict short term moving average trends.
Cirrus Logic 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 CRUS stock. Currently the stock price of $54.25 is in the lower range of Cirrus Logic bollinger bands.
Cirrus Logic 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 Cirrus Logic MACD indicator is below 0 indicating a bearish trend.
Cirrus Logic 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 . If the RSI of CRUS stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .