Peoples Bancorp of North Carolina Technical Analysis (NASDAQ:PEBK)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. A PEBK stock chart pattern can give those who understand technical analysis an indication of which way PEBK stock is headed, but cannot predict with 100% certainty as to what can happen to the Peoples Bancorp of North Carolina stock price.
See Peoples Bancorp of North Carolina 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 Peoples Bancorp of North Carolina stock analysis using these technical indicators helps identify trading opportunities.
Peoples Bancorp of North Carolina Moving Average:
Moving averages show the average price of PEBK 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 $28.3 is below the price of $28.5.
Peoples Bancorp of North Carolina Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of Peoples Bancorp of North Carolina stock price relative to previous trades. Currently the stock price of $28.5 is in the lower range of Peoples Bancorp of North Carolina bollinger bands.
Peoples Bancorp of North Carolina 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 Peoples Bancorp of North Carolina MACD indicator is below 0 indicating a bearish trend.
Peoples Bancorp of North Carolina 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. The relative strength index of PEBK stock is 56.6. .