CU Bancorp Technical Analysis (NASDAQ:CUNB)
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. Just by looking at the CU Bancorp 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 CUNB stock chart which creates a trading signal.
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 CU Bancorp. Technical analysis uses an approach for CU Bancorp stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
CU Bancorp Moving Average:
Moving averages show the average price of CUNB stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A rise in trend over the long term indicates a long term uptrend. Similarly a falling CUNB moving average implies that CU Bancorp stock price is falling.
CU Bancorp 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 CUNB stock. The stock price is trading between the average and the lower band in the context of CU Bancorp bollinger bands.
CU Bancorp 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 CU Bancorp MACD indicator can be used to identify bullish and bearish trends for the stock.
CU Bancorp Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of CUNB stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .