Valley National Bancorp Technical Analysis (NYSE:VLY)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. When a chart pattern that can predict future Valley National Bancorp stock price movements is formed, the VLY stock chart can become a key tool for a technical analyst.
See Valley National Bancorp bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. The technical analysis form of Valley National 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.
Valley National Bancorp Moving Average:
Moving averages help predict the price direction of VLY stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A rise in trend over the long term indicates a long term uptrend. Similarly a falling VLY moving average implies that Valley National Bancorp stock price is falling.
Valley National 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 VLY stock. Valley National Bancorp bollinger bands show that the stock price is $12.45, upper band is 11.16, lower band is 10.28, and the average is 10.72.
Valley National 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 Valley National Bancorp MACD indicator is below 0 indicating a bearish trend.
Valley National 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 VLY stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .