Atlantic Coast Financial Technical Analysis (NASDAQ:ACFC)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. When a chart pattern that can predict future Atlantic Coast Financial stock price movements is formed, the ACFC stock chart can become a key tool for a technical analyst.
See Atlantic Coast Financial bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. The technical analysis form of Atlantic Coast Financial stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Atlantic Coast Financial Moving Average:
ACFC 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 Atlantic Coast Financial chart patterns after the calculations remain the same. The 100 day moving average of 7.75 is below the last closing price of 7.84. One needs to choose the duration of a moving average depending on the investment objective and investment horizon. For periods greater than 100, it takes a larger and longer ACFC stock price movement for the moving average to change course.
Atlantic Coast Financial Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of Atlantic Coast Financial stock price relative to previous trades. Currently the stock price of $7.84 is in the upper range of Atlantic Coast Financial bollinger bands.
Atlantic Coast Financial 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 Atlantic Coast Financial MACD indicator is below 0 indicating a bearish trend.
Atlantic Coast Financial Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of ACFC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .