Citi Trends Technical Analysis (NASDAQ:CTRN)
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. The Citi Trends stock price data and volume are plotted in CTRN 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 Citi Trends. 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 Citi Trends stock analysis.
Citi Trends Moving Average
Moving averages help predict the price direction of CTRN 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 $28.69 is below the price of $30.6.
Citi Trends 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 CTRN stock. Citi Trends bollinger bands show that the stock price is $30.6, upper band is 29.8, lower band is 27.59, and the average is 28.69.
Citi Trends 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 Citi Trends MACD line is below the signal line.
Citi Trends Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of CTRN stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.