Guaranty Bancorp Technical Analysis (NASDAQ:GBNK)
Technical chart patterns are studied in depth by people who strongly believe in technical analysis. These type of investors who look at trading charts or technical stock charts are usually traders rather than value investors. The Guaranty Bancorp stock price data and volume are plotted in GBNK stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Guaranty 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 Guaranty Bancorp stock analysis.
Guaranty Bancorp Moving Average:
GBNK 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 Guaranty Bancorp chart patterns after the calculations remain the same. The 100 day moving average of 27.86 is below the last closing price of 25. The 20 day moving average of $34.04 is below the last closing price of $25 and the 50 day moving average of $31.87 is below the $25 price. The 10 and 20 day periods can predict short term moving average trends.
Guaranty Bancorp Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Guaranty Bancorp. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Guaranty Bancorp bollinger bands show that the stock price is $25, upper band is 30.8, lower band is 25.05, and the average is 27.93.
Guaranty Bancorp Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Guaranty Bancorp MACD indicator is below 0 indicating a bearish trend.
Guaranty Bancorp 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. 88.75 is the RSI value of GBNK stock. .