Codorus Valley Technical Analysis (NASDAQ:CVLY)
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. Just by looking at the Codorus Valley 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 CVLY stock chart which creates a trading signal.
See Codorus Valley bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Codorus Valley stock analysis that does not care for the fair value of a company but uses price and volume data only.
Codorus Valley Moving Average
Moving averages help predict the price direction of CVLY 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 $30.1 is below the price of $30.43.
Codorus Valley Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Codorus Valley. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Codorus Valley bollinger bands show that the stock price is $30.43, upper band is 30.63, lower band is 29.57, and the average is 30.1.
Codorus Valley 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 Codorus Valley MACD indicator is above 0 indicating a bullish trend.
Codorus Valley Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of CVLY stock is 51.85.