Ameris Bancorp Technical Analysis (NASDAQ:ABCB)
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. When a chart pattern that can predict future Ameris Bancorp stock price movements is formed, the ABCB stock chart can become a key tool for a technical analyst.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Ameris Bancorp. 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 Ameris Bancorp stock analysis.
Ameris Bancorp Moving Average:
Moving averages show the average price of ABCB stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $46.23 is above the price of $44.65.
Ameris Bancorp Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of Ameris Bancorp stock price relative to previous trades. Currently the stock price of $44.65 is in the lower range of Ameris Bancorp bollinger bands.
Ameris Bancorp 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 Ameris Bancorp MACD indicator can be used to identify bullish and bearish trends for the stock.
Ameris Bancorp Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. If the RSI of ABCB stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .