China Zenix Auto Technical Analysis (NYSE:ZX)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The China Zenix Auto stock price data and volume are plotted in ZX stock charts and these trading charts form the basis of technical analysis.
See China Zenix Auto bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. 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 China Zenix Auto stock analysis.
China Zenix Auto Moving Average
Moving averages show the average price of ZX 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 $1.22 is above the last closing price of $1.2 and the 50 day moving average of $1.28 is above the last closing price of $1.2. The 10 and 20 day periods can predict short term moving average trends.
China Zenix Auto Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like China Zenix Auto. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $1.2 is in the lower range of China Zenix Auto bollinger bands.
China Zenix Auto Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The China Zenix Auto MACD indicator can be used to identify bullish and bearish trends for the stock.
China Zenix Auto Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 39.96 is the RSI value of ZX stock.