BankFinancial Technical Analysis (NASDAQ:BFIN)
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. The BankFinancial stock price data and volume are plotted in BFIN 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 BankFinancial. Technical analysis uses an approach for BankFinancial stock analysis that does not care for the fair value of a company but uses price and volume data only.
BankFinancial Moving Average
Moving averages show the BFIN 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 $16.89 is below the last closing price of $17.02 and the 50 day moving average of $16.52 is below the last closing price of $17.02. The 10 and 20 day periods can predict short term moving average trends.
BankFinancial Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like BankFinancial. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $17.02 is in the upper range of BankFinancial bollinger bands.
BankFinancial 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 BankFinancial MACD indicator is below 0 indicating a bearish trend.
BankFinancial 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 BFIN stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.