China Ming Yang Wind Power Technical Analysis (NYSE:MY)
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 China Ming Yang Wind Power stock price data and volume are plotted in MY 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 Ming Yang Wind Power. The technical analysis form of China Ming Yang Wind Power 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 Ming Yang Wind Power Moving Average
Moving averages show the average price of MY stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $2.41 is below the last closing price of $2.44 and the 50 day moving average of $2.4 is below the last closing price of $2.44. The 10 and 20 day periods can predict short term moving average trends.
China Ming Yang Wind Power Bollinger Bands
Bollinger bands comprise of a center line usually MY SMA, and two MY stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the upper band in the context of China Ming Yang Wind Power bollinger bands.
China Ming Yang Wind Power 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 Ming Yang Wind Power MACD indicator is below 0 indicating a bearish trend.
China Ming Yang Wind Power 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 MY stock is 90.91.