Colony Bankcorp Technical Analysis (NASDAQ:CBAN)
Technical chart patterns are studied in depth by people who strongly believe in technical analysis. These type of investors who look at trading charts or technical stock charts are usually traders rather than value investors. Just by looking at the Colony Bankcorp stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the CBAN stock chart which creates a trading signal.
See Colony Bankcorp bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis uses an approach for Colony Bankcorp stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
Colony Bankcorp Moving Average:
CBAN stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of Colony Bankcorp chart patterns after the calculations remain the same. The 100 day moving average of 11.11 is below the last closing price of 14. Moving averages can be used for CBAN trend identification. A rising moving average shows that stock prices are generally increasing.
Colony Bankcorp Bollinger Bands:
Bollinger bands comprise of a center line usually CBAN SMA, and two CBAN stock price bands above and below it. The stock is considered over brought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $14 is in the upper range of Colony Bankcorp bollinger bands.
Colony Bankcorp 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 Colony Bankcorp MACD indicator is below 0 indicating a bearish trend.
Colony Bankcorp Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 56.9 is the RSI value of CBAN stock. .