Plumas Bancorp Technical Analysis (NASDAQ:PLBC)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. A PLBC stock chart pattern can give those who understand technical analysis an indication of which way PLBC stock is headed, but cannot predict with 100% certainty as to what can happen to the Plumas Bancorp stock price.
See Plumas Bancorp bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. The technical analysis form of Plumas Bancorp stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Plumas Bancorp Moving Average:
Moving averages show the average price of PLBC stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A rise in trend over the long term indicates a long term uptrend. Similarly a falling PLBC moving average implies that Plumas Bancorp stock price is falling.
Plumas Bancorp Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of Plumas Bancorp stock price relative to previous trades. The stock price is trading between the average and the lower band in the context of Plumas Bancorp bollinger bands.
Plumas 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 Plumas Bancorp MACD line is below the signal line.
Plumas 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 PLBC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .