China Yuchai Technical Analysis (NYSE:CYD)
Technical chart patterns are studied in depth by people who strongly believe in technical analysis. These type of investors who look at trading charts or technical stock charts are usually traders rather than value investors. Just by looking at the China Yuchai stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the CYD stock chart which creates a trading signal.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for China Yuchai. The technical analysis form of China Yuchai stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
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 (SMA) and the Exponential Moving Average (EMA). A rise in trend over the long term indicates a long term uptrend. Similarly a falling CYD moving average implies that China Yuchai stock price is falling.
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 $18.75 is in the lower range of China Yuchai bollinger bands.
China Yuchai 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 China Yuchai MACD indicator is below 0 indicating a bearish trend.
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. .