Colonial Financial Technical Analysis (NASDAQ:COBK)
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. The Colonial Financial stock price data and volume are plotted in COBK stock charts and these trading charts form the basis of technical analysis.
See Colonial Financial bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking Colonial Financial stock analysis using these technical indicators helps identify trading opportunities.
Colonial Financial Moving Average:
Moving averages help predict the price direction of COBK stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $80.68 is below the last closing price of $14.3 and the 50 day moving average of $79.57 is below the $14.3 price. The 10 and 20 day periods can predict short term moving average trends.
Colonial Financial Bollinger Bands:
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the COBK stock. The stock price is trading between the average and the lower band in the context of Colonial Financial bollinger bands.
Colonial Financial 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 Colonial Financial MACD indicator is below 0 indicating a bearish trend.
Colonial Financial 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 COBK stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .