Cyanotech Technical Analysis (NASDAQ:CYAN)
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 CYAN stock chart pattern can give those who understand technical analysis an indication of which way CYAN stock is headed, but cannot predict with 100% certainty as to what can happen to the Cyanotech stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Cyanotech. 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 Cyanotech stock analysis.
Cyanotech Moving Average
Moving averages show the CYAN 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 20 day moving average of $3.55 is above the last closing price of $3.54 and the 50 day moving average of $3.69 is above the last closing price of $3.54. The 10 and 20 day periods can predict short term moving average trends.
Cyanotech Bollinger Bands
Bollinger bands comprise of a center line usually CYAN SMA, and two CYAN 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. Cyanotech bollinger bands show that the stock price is $3.54, upper band is 3.82, lower band is 3.29, and the average is 3.55.
Cyanotech 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 Cyanotech MACD indicator is below 0 indicating a bearish trend.
Cyanotech Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of CYAN stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.