Commercial Vehicle Group Technical Analysis (NASDAQ:CVGI)
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 Commercial Vehicle Group stock price data and volume are plotted in CVGI stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Commercial Vehicle Group. The technical analysis form of Commercial Vehicle Group stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Commercial Vehicle Group Moving Average
Moving averages show the average price of CVGI 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 $7.76 is above the price of $7.33.
Commercial Vehicle Group Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Commercial Vehicle Group. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the lower band in the context of Commercial Vehicle Group bollinger bands.
Commercial Vehicle Group 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 Commercial Vehicle Group MACD indicator is below 0 indicating a bearish trend.
Commercial Vehicle Group 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 . 37.85 is the RSI value of CVGI stock.