Cosan Technical Analysis (NYSE:CZZ)
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 Cosan stock price data and volume are plotted in CZZ 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 Cosan. 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 Cosan stock analysis.
Cosan Moving Average:
Moving averages show the average price of CZZ stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $6.6 is below the price of $7.09.
Cosan Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Cosan. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Cosan bollinger bands show that the stock price is $7.09, upper band is 11.53, lower band is 10.03, and the average is 10.78.
Cosan 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 Cosan MACD indicator can be used to identify bullish and bearish trends for the stock.
Cosan 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. The relative strength index of CZZ stock is 77.42. .