BANCORP 34 INC Technical Analysis (NASDAQ:BCTF)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. Just by looking at the BANCORP 34 INC 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 BCTF 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 BANCORP 34 INC. The technical analysis form of BANCORP 34 INC stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
BANCORP 34 INC Moving Average
Moving averages show the BCTF stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $15.48 is below the last closing price of $15.65 and the 50 day moving average of $15.58 is below the last closing price of $15.65. The 10 and 20 day periods can predict short term moving average trends.
BANCORP 34 INC Bollinger Bands
Bollinger bands comprise of a center line usually BCTF SMA, and two BCTF 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. The stock price is trading between the average and the upper band in the context of BANCORP 34 INC bollinger bands.
BANCORP 34 INC 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 BANCORP 34 INC MACD indicator can be used to identify bullish and bearish trends for the stock.
BANCORP 34 INC Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of BCTF stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.