Community Trust Bancorp Technical Analysis (NASDAQ:CTBI)
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. A CTBI stock chart pattern can give those who understand technical analysis an indication of which way CTBI stock is headed, but cannot predict with 100% certainty as to what can happen to the Community Trust Bancorp stock price.
You can view Simple Moving Average (SMA 20 day, 50 day & 100 day), Exponential Moving Average (EMA 20 day, 50 day & 100 day) charts, and Bollinger Bands for Community Trust Bancorp. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Community Trust Bancorp stock analysis.
Community Trust Bancorp Moving Average:
Moving averages show the CTBI stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). Moving averages can be used for CTBI trend identification. A rising moving average shows that stock prices are generally increasing.
Community Trust Bancorp Bollinger Bands:
Bollinger bands comprise of a center line usually CTBI SMA, and two CTBI 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 $42.75 is in the lower range of Community Trust Bancorp bollinger bands.
Community Trust 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 Community Trust Bancorp MACD line is below the signal line.
Community Trust Bancorp 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 CTBI stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .