Banc of California Technical Analysis (NYSE:BANC)
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. The Banc of California stock price data and volume are plotted in BANC stock charts and these trading charts form the basis of technical analysis.
See Banc of California bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Banc of California stock analysis that does not care for the fair value of a company but uses price and volume data only.
Banc of California Moving Average
Moving averages show the average price of BANC 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 $18.8 is below the price of $19.1.
Banc of California Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the BANC stock. Banc of California bollinger bands show that the stock price is $19.1, upper band is 19.13, lower band is 18.47, and the average is 18.8.
Banc of California 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 Banc of California MACD indicator can be used to identify bullish and bearish trends for the stock.
Banc of California 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. If the RSI of BANC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.