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. Just by looking at the Cosan 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 CZZ stock chart which creates a trading signal.
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 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 CZZ 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 $7.86 is below the price of $8.2.
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 $8.2, upper band is 8.28, lower band is 7.44, and the average is 7.86.
Cosan 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 Cosan MACD indicator can be used to identify bullish and bearish trends for the stock.
Cosan Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of CZZ stock is 62.23.