ClubCorp Technical Analysis (NYSE:MYCC)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The ClubCorp stock price data and volume are plotted in MYCC 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 ClubCorp. 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 ClubCorp stock analysis.
ClubCorp Moving Average
Moving averages show the average price of MYCC 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 $17.02 is below the last closing price of $17.1 and the 50 day moving average of $17.01 is below the last closing price of $17.1. The 10 and 20 day periods can predict short term moving average trends.
ClubCorp Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like ClubCorp. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $17.1 is in the upper range of ClubCorp bollinger bands.
ClubCorp 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 ClubCorp MACD indicator can be used to identify bullish and bearish trends for the stock.
ClubCorp Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . 69.23 is the RSI value of MYCC stock.