Commerce Union Bancshares Technical Analysis (NASDAQ:CUBN)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. Just by looking at the Commerce Union Bancshares 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 CUBN stock chart which creates a trading signal.
See Commerce Union Bancshares bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. 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 Commerce Union Bancshares stock analysis.
Commerce Union Bancshares Moving Average:
CUBN 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 Commerce Union Bancshares chart patterns after the calculations remain the same. The 100 day moving average of 17.94 is below the last closing price of 21.5. A rise in trend over the long term indicates a long term uptrend. Similarly a falling CUBN moving average implies that Commerce Union Bancshares stock price is falling.
Commerce Union Bancshares 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 CUBN stock. Currently the stock price of $21.5 is in the lower range of Commerce Union Bancshares bollinger bands.
Commerce Union Bancshares 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 Commerce Union Bancshares MACD indicator can be used to identify bullish and bearish trends for the stock.
Commerce Union Bancshares 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 CUBN stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .