Coastway Technical Analysis (NASDAQ:CWAY)
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 Coastway stock price data and volume are plotted in CWAY 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 Coastway. The technical analysis form of Coastway stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Coastway Moving Average
Moving averages show the average price of CWAY 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 $27.61 is below the price of $27.8.
Coastway Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Coastway. 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 upper band in the context of Coastway bollinger bands.
Coastway 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 Coastway MACD indicator is below 0 indicating a bearish trend.
Coastway 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. 65 is the RSI value of CWAY stock.