Territorial Bancorp Technical Analysis (NASDAQ:TBNK)
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 TBNK stock chart pattern can give those who understand technical analysis an indication of which way TBNK stock is headed, but cannot predict with 100% certainty as to what can happen to the Territorial Bancorp stock price.
See Territorial Bancorp bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis uses an approach for Territorial Bancorp stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
Territorial Bancorp Moving Average:
TBNK 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 Territorial Bancorp chart patterns after the calculations remain the same. The 100 day moving average of 18.41 is below the last closing price of 33.27. The 20 day moving average of $25.27 is below the last closing price of $33.27 and the 50 day moving average of $21.31 is below the $33.27 price. The 10 and 20 day periods can predict short term moving average trends.
Territorial Bancorp Bollinger Bands:
Bollinger bands comprise of a center line usually TBNK SMA, and two TBNK stock price bands above and below it. The stock is considered over brought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $33.27 is in the upper range of Territorial Bancorp bollinger bands.
Territorial 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 Territorial Bancorp MACD indicator is below 0 indicating a bearish trend.
Territorial Bancorp Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. The relative strength index of TBNK stock is 57.75. .