Porter Bancorp Technical Analysis (NASDAQ:PBIB)
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. A PBIB stock chart pattern can give those who understand technical analysis an indication of which way PBIB stock is headed, but cannot predict with 100% certainty as to what can happen to the Porter Bancorp stock price.
See Porter Bancorp bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking Porter Bancorp stock analysis using these technical indicators helps identify trading opportunities.
Porter Bancorp Moving Average:
Moving averages show the PBIB stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). The 20 day moving average of $2.93 is below the last closing price of $2.25 and the 50 day moving average of $1.95 is below the $2.25 price. The 10 and 20 day periods can predict short term moving average trends.
Porter Bancorp Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of Porter Bancorp stock price relative to previous trades. Porter Bancorp bollinger bands show that the stock price is $2.25, upper band is 9.22, lower band is 6.52, and the average is 7.87.
Porter 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 Porter Bancorp MACD indicator can be used to identify bullish and bearish trends for the stock.
Porter 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. 83.17 is the RSI value of PBIB stock. .