Prosperity Bancshares Technical Analysis (NYSE:PB)
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. When a chart pattern that can predict future Prosperity Bancshares stock price movements is formed, the PB stock chart can become a key tool for a technical analyst.
You can view Simple Moving Average (SMA 20 day, 50 day & 100 day), Exponential Moving Average (EMA 20 day, 50 day & 100 day) charts, and Bollinger Bands for Prosperity Bancshares. The technical analysis form of Prosperity Bancshares stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Prosperity Bancshares Moving Average:
Moving averages help predict the price direction of PB stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. 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 PB stock price movement for the moving average to change course.
Prosperity Bancshares Bollinger Bands:
Bollinger bands comprise of a center line usually PB SMA, and two PB 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. Prosperity Bancshares bollinger bands show that the stock price is $68.67, upper band is 27.61, lower band is 26.95, and the average is 28.27.
Prosperity Bancshares 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 Prosperity Bancshares MACD line is above the signal line.
Prosperity Bancshares 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 . If the RSI of PB stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .