CTC Media Technical Analysis (NASDAQ:CTCM)
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 CTC Media stock price data and volume are plotted in CTCM 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 CTC Media. Technical analysis uses an approach for CTC Media stock analysis that does not care for the fair value of a company but uses price and volume data only.
CTC Media Moving Average
Moving averages show the average price of CTCM 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 $2 is below the price of $2.05.
CTC Media Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like CTC Media. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $2.05 is in the upper range of CTC Media bollinger bands.
CTC Media 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 CTC Media MACD indicator is below 0 indicating a bearish trend.
CTC Media 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 CTCM stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.