Constant Contact Technical Analysis (NASDAQ:CTCT)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. Just by looking at the Constant Contact 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 CTCT stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Constant Contact. 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 Constant Contact stock analysis.
Constant Contact Moving Average
Moving averages help predict the price direction of CTCT 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 $30.56 is below the price of $32.01.
Constant Contact 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 CTCT stock. Currently the stock price of $32.01 is in the upper range of Constant Contact bollinger bands.
Constant Contact 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 Constant Contact MACD indicator is below 0 indicating a bearish trend.
Constant Contact 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 CTCT stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.