Carolina Bank Technical Analysis (NASDAQ:CLBH)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. A CLBH stock chart pattern can give those who understand technical analysis an indication of which way CLBH stock is headed, but cannot predict with 100% certainty as to what can happen to the Carolina Bank stock price.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Carolina Bank. Technical analysis uses an approach for Carolina Bank stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
Carolina Bank Moving Average:
CLBH 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 Carolina Bank chart patterns after the calculations remain the same. The 100 day moving average of 19.23 is below the last closing price of 28.64. One needs to choose the duration of a moving average depending on the investment objective and investment horizon. For periods greater than 100, it takes a larger and longer CLBH stock price movement for the moving average to change course.
Carolina Bank Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of Carolina Bank stock price relative to previous trades. Currently the stock price of $28.64 is in the lower range of Carolina Bank bollinger bands.
Carolina 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 Carolina Bank MACD line is above the signal line.
Carolina Bank Relative Strength Index:
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . If the RSI of CLBH stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .