China Yuchai Technical Analysis (NYSE:CYD)
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 China Yuchai stock price data and volume are plotted in CYD 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 China Yuchai. Technical analysis uses an approach for China Yuchai stock analysis that does not care for the fair value of a company but uses price and volume data only.
China Yuchai Moving Average
Moving averages show the CYD 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. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $22.41 is below the price of $22.9.
China Yuchai Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the CYD stock. Currently the stock price of $22.9 is in the upper range of China Yuchai bollinger bands.
China Yuchai 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 Yuchai MACD line is below the signal line.
China Yuchai 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. If the RSI of CYD stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.