Jacksonville Bancorp Technical Analysis (NASDAQ:JAXB)
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. A JAXB stock chart pattern can give those who understand technical analysis an indication of which way JAXB stock is headed, but cannot predict with 100% certainty as to what can happen to the Jacksonville Bancorp stock price.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Jacksonville 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 Jacksonville Bancorp stock analysis.
Jacksonville Bancorp Moving Average:
Moving averages show the average price of JAXB 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 $40.71 is below the last closing price of $16.45 and the 50 day moving average of $40.64 is below the $16.45 price. The 10 and 20 day periods can predict short term moving average trends.
Jacksonville Bancorp Bollinger Bands:
Bollinger bands comprise of a center line usually JAXB SMA, and two JAXB stock price bands above and below it. The stock is considered over brought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $16.45 is in the lower range of Jacksonville Bancorp bollinger bands.
Jacksonville 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 Jacksonville Bancorp MACD line is below the signal line.
Jacksonville 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. If the RSI of JAXB stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .