CVR Energy Technical Analysis (NYSE:CVI)
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 CVR Energy stock price data and volume are plotted in CVI 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 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 CVI stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $34.79 is above the last closing price of $33.44 and the 50 day moving average of $35.98 is above the last closing price of $33.44. The 10 and 20 day periods can predict short term moving average trends.
CVR Energy 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 CVI stock. CVR Energy bollinger bands show that the stock price is $33.44, upper band is 38.27, lower band is 31.3, and the average is 34.79.
CVR Energy 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 CVR Energy MACD indicator is below 0 indicating a bearish trend.
CVR Energy Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. If the RSI of CVI stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.