Connecticut Water Company Technical Analysis (NASDAQ:CTWS)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the Connecticut Water Company 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 CTWS stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Connecticut Water Company. Technical analysis uses an approach for Connecticut Water Company stock analysis that does not care for the fair value of a company but uses price and volume data only.
Connecticut Water Company Moving Average
Moving averages help predict the price direction of CTWS stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Connecticut Water Company are mostly signals of long term trends and will help long term traders.
Connecticut Water Company Bollinger Bands
Bollinger bands comprise of a center line usually CTWS SMA, and two CTWS stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $69 is in the upper range of Connecticut Water Company bollinger bands.
Connecticut Water Company 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 Connecticut Water Company MACD indicator is above 0 indicating a bullish trend.
Connecticut Water Company Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of CTWS stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.