ACNB Technical Analysis (NASDAQ:ACNB)
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 ACNB 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 ACNB stock chart which creates a trading signal.
See ACNB bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for ACNB stock analysis that does not care for the fair value of a company but uses price and volume data only.
ACNB Moving Average
Moving averages show the average price of ACNB stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $28.77 is below the price of $29.75.
ACNB Bollinger Bands
Bollinger bands comprise of a center line usually ACNB SMA, and two ACNB stock price bands above and below it. The stock is considered overbought 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 $29.75 is in the upper range of ACNB bollinger bands.
ACNB 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 ACNB MACD indicator can be used to identify bullish and bearish trends for the stock.
ACNB Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 88.64 is the RSI value of ACNB stock.