China XD Plastics Technical Analysis (NASDAQ:CXDC)
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. The CXDC stock chart pattern can give those who understand technical analysis an indication of which way CXDC stock is headed, but cannot predict with 100% certainty as to what can happen to the China XD Plastics stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for China XD Plastics. Technical analysis uses an approach for China XD Plastics stock analysis that does not care for the fair value of a company but uses price and volume data only.
China XD Plastics Moving Average
Moving averages show the average price of CXDC stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $3.58 is above the last closing price of $3.45 and the 50 day moving average of $3.53 is above the last closing price of $3.45. The 10 and 20 day periods can predict short term moving average trends.
China XD Plastics Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like China XD Plastics. 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 lower band in the context of China XD Plastics bollinger bands.
China XD Plastics Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The China XD Plastics MACD line is below the signal line.
China XD Plastics 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. 50.96 is the RSI value of CXDC stock.