Northeast Community Bancorp Technical Analysis (OTCMKTS:NECB)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The Northeast Community Bancorp stock price data and volume are plotted in NECB stock charts and these trading charts form the basis of technical analysis.
See Northeast Community Bancorp bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis uses an approach for Northeast Community Bancorp stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
Northeast Community Bancorp Moving Average:
Moving averages show the average price of NECB stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $4.27 is below the price of $8.69.
Northeast Community Bancorp Bollinger Bands:
Bollinger bands comprise of a center line usually NECB SMA, and two NECB 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 $8.69 is in the upper range of Northeast Community Bancorp bollinger bands.
Northeast Community 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 Northeast Community Bancorp MACD line is below the signal line.
Northeast Community 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 NECB stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .