Pacific Continental Technical Analysis (NASDAQ:PCBK)
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. The Pacific Continental stock price data and volume are plotted in PCBK stock charts and these trading charts form the basis of technical analysis.
See Pacific Continental 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 Pacific Continental stock analysis using these technical indicators helps identify trading opportunities.
Pacific Continental Moving Average:
PCBK stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of Pacific Continental chart patterns after the calculations remain the same. The 100 day moving average of 22.51 is below the last closing price of 23.65. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $24.57 is above the price of $23.65.
Pacific Continental Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Pacific Continental. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the lower band in the context of Pacific Continental bollinger bands.
Pacific Continental 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 Pacific Continental MACD line is below the signal line.
Pacific Continental Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of PCBK stock is 37.36. .