CORECIVIC INC Technical Analysis (NYSE:CXW)
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 CXW stock chart pattern can give those who understand technical analysis an indication of which way CXW stock is headed, but cannot predict with 100% certainty as to what can happen to the CORECIVIC INC stock price.
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 CORECIVIC INC. 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 CORECIVIC INC stock analysis.
CORECIVIC INC Moving Average
Moving averages help predict the price direction of CXW stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for CORECIVIC INC are mostly signals of long term trends and will help long term traders.
CORECIVIC INC Bollinger Bands
Bollinger bands comprise of a center line usually CXW SMA, and two CXW 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. CORECIVIC INC bollinger bands show that the stock price is $25.79, upper band is 26.11, lower band is 24.55, and the average is 25.33.
CORECIVIC INC 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 CORECIVIC INC MACD indicator can be used to identify bullish and bearish trends for the stock.
CORECIVIC INC 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 CXW stock is 45.43.