Capital City Bank Technical Analysis (NASDAQ:CCBG)
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. Just by looking at the Capital City Bank 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 CCBG stock chart which creates a trading signal.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Capital City Bank. Technical analysis uses an approach for Capital City Bank stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
Capital City Bank Moving Average:
Moving averages show the average price of CCBG 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 $38.38 is below the price of $18.46.
Capital City Bank Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Capital City Bank. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the lower band in the context of Capital City Bank bollinger bands.
Capital City Bank Moving Average Convergence Divergence or MACD:
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Capital City Bank MACD indicator is below 0 indicating a bearish trend.
Capital City Bank Relative Strength Index:
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. The relative strength index of CCBG stock is 84.55. .