Castlight Technical Analysis (NYSE:CSLT)
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. Just by looking at the Castlight 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 CSLT stock chart which creates a trading signal.
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 Castlight. The technical analysis form of Castlight stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Castlight Moving Average
Moving averages help predict the price direction of CSLT stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $3.73 is above the price of $3.1.
Castlight 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 CSLT stock. The stock price is trading between the average and the lower band in the context of Castlight bollinger bands.
Castlight 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 Castlight MACD indicator can be used to identify bullish and bearish trends for the stock.
Castlight 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 . The relative strength index of CSLT stock is 13.51.