CVR Energy Technical Analysis (NYSE:CVI)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. Just by looking at the CVR Energy 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 CVI 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 CVR Energy. Technical analysis uses an approach for CVR Energy stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
CVR Energy Moving Average:
Moving averages show the average price of CVI stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for CVR Energy are mostly signals of long term trends and will help long term traders.
CVR Energy Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like CVR Energy. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. CVR Energy bollinger bands show that the stock price is $17.84, upper band is 23.4, lower band is 21.1, and the average is 22.25.
CVR Energy 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 CVR Energy MACD indicator is below 0 indicating a bearish trend.
CVR Energy Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. The relative strength index of CVI stock is 22.59. .