ASB Bancorp Technical Analysis (NASDAQ:ASBB)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. Just by looking at the ASB 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 ASBB 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 ASB Bancorp. Technical analysis uses an approach for ASB Bancorp stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
ASB Bancorp Moving Average:
Moving averages show the average price of ASBB stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. Moving averages can be used for ASBB trend identification. A rising moving average shows that stock prices are generally increasing.
ASB Bancorp Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of ASB Bancorp stock price relative to previous trades. ASB Bancorp bollinger bands show that the stock price is $45, upper band is 12.02, lower band is 11.35, and the average is 11.68.
ASB Bancorp 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 ASB Bancorp MACD indicator is below 0 indicating a bearish trend.
ASB Bancorp Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of ASBB stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .