City National Technical Analysis (NYSE:CYN)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The City National stock price data and volume are plotted in CYN stock charts and these trading charts form the basis of technical analysis.
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 City National. The technical analysis form of City National stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
City National Moving Average
Moving averages show the CYN 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 longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for City National are mostly signals of long term trends and will help long term traders.
City National 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 CYN stock. City National bollinger bands show that the stock price is $89.6, upper band is 90.02, lower band is 88.65, and the average is 89.33.
City National 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 City National MACD indicator can be used to identify bullish and bearish trends for the stock.
City National 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 CYN stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.