Citizens & Northern Technical Analysis (NASDAQ:CZNC)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the Citizens & Northern 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 CZNC stock chart which creates a trading signal.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Citizens & Northern. The technical analysis form of Citizens & Northern stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Citizens & Northern Moving Average:
Moving averages show the average price of CZNC stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. One needs to choose the duration of a moving average depending on the investment objective and investment horizon. For periods greater than 100, it takes a larger and longer CZNC stock price movement for the moving average to change course.
Citizens & Northern 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 CZNC stock. Currently the stock price of $21.32 is in the lower range of Citizens & Northern bollinger bands.
Citizens & Northern 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 Citizens & Northern MACD line is below the signal line.
Citizens & Northern Relative Strength Index:
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 39.31 is the RSI value of CZNC stock. .