Republic First Bancorp Technical Analysis (NASDAQ:FRBK)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. When a chart pattern that can predict future Republic First Bancorp stock price movements is formed, the FRBK stock chart can become a key tool for a technical analyst.
See Republic First Bancorp 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 Republic First Bancorp stock analysis.
Republic First Bancorp Moving Average:
Moving averages show the average price of FRBK stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $5.15 is above the last closing price of $7.95 and the 50 day moving average of $5.58 is above the $7.95 price. The 10 and 20 day periods can predict short term moving average trends.
Republic First Bancorp Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Republic First Bancorp. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the lower band in the context of Republic First Bancorp bollinger bands.
Republic First 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 Republic First Bancorp MACD indicator can be used to identify bullish and bearish trends for the stock.
Republic First Bancorp 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 . The relative strength index of FRBK stock is 29.65. .