Carrizo Oil & Gas Technical Analysis (NASDAQ:CRZO)
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 Carrizo Oil & Gas 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 CRZO stock chart which creates a trading signal.
See Carrizo Oil & Gas bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Carrizo Oil & Gas stock analysis that does not care for the fair value of a company but uses price and volume data only.
Carrizo Oil & Gas Moving Average
Moving averages show the average price of CRZO stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $26.18 is above the price of $22.75.
Carrizo Oil & Gas Bollinger Bands
Bollinger bands comprise of a center line usually CRZO SMA, and two CRZO 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. Carrizo Oil & Gas bollinger bands show that the stock price is $22.75, upper band is 30.59, lower band is 21.78, and the average is 26.18.
Carrizo Oil & Gas 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 Carrizo Oil & Gas MACD indicator is below 0 indicating a bearish trend.
Carrizo Oil & Gas 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 CRZO stock is 19.74.