Bollinger Band Analysis Review of Cree, Inc. (NASDAQ:CREE)


Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of Cree, Inc. (NASDAQ:CREE) for the period of 9-Day stands at 68.15% while the stochastic %D for the same period stands at 72.55%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of Cree, Inc. (NASDAQ:CREE) signals “Buy” while other important signals like the 20-Day Moving Average Vs. Price signals “Buy”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Buy” for Cree, Inc. (NASDAQ:CREE) while 20-100 Day MACD Oscillator indicates “Buy”.

Bollinger band is a volatility indicator of a certain security, currently Cree, Inc. (NASDAQ:CREE)’s 20-Day Bollinger Band indicates “Hold”.

About Company

Cree, Inc. is a market-leading innovator and manufacturer of semiconductors that enhance the value of solid-state lighting, power and communications products by significantly increasing their energy performance and efficiency. Key to Cree’s market advantage is its world-class materials expertise in silicon carbide and gallium nitride for chips and packaged devices that can handle more power in a smaller space while producing less heat than other available technologies, materials and products. Cree drives its increased performance technology into multiple applications, including exciting alternatives in brighter and more-tunable light for general illumination, backlighting for more-vivid displays, optimized power management for high-current switch-mode power supplies and variable-speed motors, and more-effective wireless infrastructure for data and voice communications. Cree customers range from innovative lighting-fixtures makers to defense-related federal agencies.

Previous Day Activity Analysis

On the last trading day, Cree, Inc. (NASDAQ:CREE) opened the session at $29.54 and after going down -0.27% closed at $29.28. The stock lost -0.26 points in the last trade.

Cree, Inc. (NASDAQ:CREE)’s stock fluctuated in the range of $29.11 and $29.54 during the previous active session. Cree, Inc. (NASDAQ:CREE) traded with the volume of 1.35 Million with average volume of 1.21 Million. The stock has MEDIUM volatility on the last trading session.

Currently the Beta for the company remains at 1.19 while ATR (Average True Range) and RSI (Relative Strength Index) are at 0.65 and 74.61 respectively.

Currently the Insider Ownership of the shares of Cree, Inc. (NASDAQ:CREE) is at 1.5% and the shares outstanding are 97.19 Million.

Important Ratio Analysis

Some important ratios to consider here for Cree, Inc. (NASDAQ:CREE) are discussed below:

Dividend yield of Cree, Inc. (NASDAQ:CREE) stands at 0% whereas Price to Earnings P/E ratio stands at 0 while Forward P/E shows the value of 51.28.

The Price to Sale P/S and Price to Book P/B shows the value of 1.93 and 1.29 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 4.66 and 13.98 correspondingly.

The Quick Ratio of Cree, Inc. (NASDAQ:CREE) stands at 3.8 while the Current Ratio depicts the value of 5.2.

Return on Assets ROA of Cree, Inc. (NASDAQ:CREE) is at -3.4% whereas, Return on Equity ROE and Return of Investment ROI of Cree, Inc. (NASDAQ:CREE) stand at -4% and -4.7% respectively.

Stock Performance Analysis

The stock performance of Cree, Inc. (NASDAQ:CREE) on the basis of 5 day trade show the dip of -0.71% whereas, the monthly performance of the stock shows increase of 19.07%.

The quarterly performance of the stock remained in green zone with the value of 11.93% while six month performance of the shares of Cree, Inc. (NASDAQ:CREE) remained bullish with the count of 20.54%.

The yearly and YTD performance of Cree, Inc. (NASDAQ:CREE) remained up at 17.5% and 10.95% respectively.