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. Just by looking at the CTC Media 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 CTCM 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 CTC Media. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking CTC Media stock analysis using these technical indicators helps identify trading opportunities.
CTC Media Moving Average:
Moving averages show the CTCM stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). 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 were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the CTCM stock. The stock price is trading between the average and the upper band in the context 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 can be used to identify bullish and bearish trends for the stock.
CTC Media 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. 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. .