WashingtonFirst Bankshares Technical Analysis (NASDAQ:WFBI)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. Just by looking at the WashingtonFirst Bankshares stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the WFBI stock chart which creates a trading signal.
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 WashingtonFirst Bankshares. The technical analysis form of WashingtonFirst Bankshares stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
WashingtonFirst Bankshares Moving Average:
Moving averages help predict the price direction of WFBI 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 WFBI trend identification. A rising moving average shows that stock prices are generally increasing.
WashingtonFirst Bankshares 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 WFBI stock. The stock price is trading between the average and the lower band in the context of WashingtonFirst Bankshares bollinger bands.
WashingtonFirst Bankshares Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The WashingtonFirst Bankshares MACD indicator can be used to identify bullish and bearish trends for the stock.
WashingtonFirst Bankshares 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 WFBI stock is 40.59. .