Monarch Financial Technical Analysis (NASDAQ:MNRK)
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 Monarch Financial stock price movements is formed, the MNRK stock chart can become a key tool for a technical analyst.
See Monarch Financial bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. The technical analysis form of Monarch Financial stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Monarch Financial Moving Average:
Moving averages show the MNRK stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). 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 MNRK stock price movement for the moving average to change course.
Monarch Financial Bollinger Bands:
Bollinger bands comprise of a center line usually MNRK SMA, and two MNRK 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 $18.49 is in the lower range of Monarch Financial bollinger bands.
Monarch Financial 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 Monarch Financial MACD indicator can be used to identify bullish and bearish trends for the stock.
Monarch Financial Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. 35.83 is the RSI value of MNRK stock. .