Alliance Bancorp Technical Analysis (NASDAQ:ALLB)
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. Just by looking at the Alliance Bancorp 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 ALLB stock chart which creates a trading signal.
See Alliance Bancorp bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Alliance Bancorp stock analysis that does not care for the fair value of a company but uses price and volume data only.
Alliance Bancorp Moving Average
Moving averages show the average price of ALLB stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $23.88 is below the last closing price of $23.98 and the 50 day moving average of $23.52 is below the last closing price of $23.98. The 10 and 20 day periods can predict short term moving average trends.
Alliance Bancorp Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Alliance Bancorp. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Alliance Bancorp bollinger bands show that the stock price is $23.98, upper band is 24.45, lower band is 23.31, and the average is 23.88.
Alliance 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 Alliance Bancorp MACD line is above the signal line.
Alliance Bancorp Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 52.66 is the RSI value of ALLB stock.