Century Bancorp Technical Analysis (NASDAQ:CNBKA)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. A CNBKA stock chart pattern can give those who understand technical analysis an indication of which way CNBKA stock is headed, but cannot predict with 100% certainty as to what can happen to the Century Bancorp stock price.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Century Bancorp. Technical analysis uses an approach for Century Bancorp stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
Century Bancorp Moving Average:
CNBKA 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 Century Bancorp chart patterns after the calculations remain the same. The 100 day moving average of 78.3 is below the last closing price of 63.75. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Century Bancorp are mostly signals of long term trends and will help long term traders.
Century Bancorp Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Century Bancorp. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $63.75 is in the lower range of Century Bancorp bollinger bands.
Century Bancorp 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 Century Bancorp MACD line is below the signal line.
Century Bancorp Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of CNBKA stock is 69.24. .