Anchor Bancorp Technical Analysis (NASDAQ:ANCB)
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. The Anchor Bancorp stock price data and volume are plotted in ANCB stock charts and these trading charts form the basis of technical analysis.
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 Anchor Bancorp. The technical analysis form of Anchor 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.
Anchor Bancorp Moving Average
Moving averages show the average price of ANCB stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Anchor Bancorp are mostly signals of long term trends and will help long term traders.
Anchor Bancorp Bollinger Bands
Bollinger bands comprise of a center line usually ANCB SMA, and two ANCB 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 $24.65 is in the lower range of Anchor Bancorp bollinger bands.
Anchor Bancorp 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 Anchor Bancorp MACD indicator can be used to identify bullish and bearish trends for the stock.
Anchor Bancorp Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . If the RSI of ANCB stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.