CVR Refining Technical Analysis (NYSE:CVRR)
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 CVRR stock chart pattern can give those who understand technical analysis an indication of which way CVRR stock is headed, but cannot predict with 100% certainty as to what can happen to the CVR Refining stock price.
See CVR Refining bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of CVR Refining stock analysis.
CVR Refining Moving Average
Moving averages show the CVRR 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 longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for CVR Refining are mostly signals of long term trends and will help long term traders.
CVR Refining Bollinger Bands
Bollinger bands comprise of a center line usually CVRR SMA, and two CVRR 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 $22.85 is in the upper range of CVR Refining bollinger bands.
CVR Refining 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 Refining MACD indicator can be used to identify bullish and bearish trends for the stock.
CVR Refining Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 89.86 is the RSI value of CVRR stock.