Provident Bancorp Technical Analysis (NASDAQ:PVBC)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. The Provident Bancorp stock price data and volume are plotted in PVBC stock charts and these trading charts form the basis of technical analysis.
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 Provident Bancorp. Technical analysis uses an approach for Provident Bancorp stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
Provident Bancorp Moving Average:
Moving averages show the average price of PVBC stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $19.77 is below the last closing price of $21 and the 50 day moving average of $19.28 is below the $21 price. The 10 and 20 day periods can predict short term moving average trends.
Provident Bancorp Bollinger Bands:
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the PVBC stock. Provident Bancorp bollinger bands show that the stock price is $21, upper band is 12.89, lower band is 12.73, and the average is 12.81.
Provident 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 Provident Bancorp MACD indicator is below 0 indicating a bearish trend.
Provident Bancorp 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 PVBC stock is 60.71. .