Pacific Mercantile Bancorp Technical Analysis (NASDAQ:PMBC)

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$7.55 $0.05 (0.67%) PMBC stock closing price Oct 21, 2016 (Closing)

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. When a chart pattern that can predict future Pacific Mercantile Bancorp stock price movements is formed, the PMBC 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 Pacific Mercantile Bancorp. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking Pacific Mercantile Bancorp stock analysis using these technical indicators helps identify trading opportunities.

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Pacific Mercantile Bancorp Moving Average:

Moving averages help predict the price direction of PMBC stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. Moving averages can be used for PMBC trend identification. A rising moving average shows that stock prices are generally increasing.

Pacific Mercantile Bancorp Bollinger Bands:

Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of Pacific Mercantile Bancorp stock price relative to previous trades. Pacific Mercantile Bancorp bollinger bands show that the stock price is $7.55, upper band is 33.83, lower band is 27.41, and the average is 30.62.

Pacific Mercantile Bancorp 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 Pacific Mercantile Bancorp MACD indicator can be used to identify bullish and bearish trends for the stock.

Pacific Mercantile Bancorp Relative Strength Index:

The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements.   If the RSI of PMBC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .

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