Berkshire Hills Bancorp Technical Analysis (NYSE:BHLB)
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 BHLB stock chart pattern can give those who understand technical analysis an indication of which way BHLB stock is headed, but cannot predict with 100% certainty as to what can happen to the Berkshire Hills Bancorp stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Berkshire Hills Bancorp. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Berkshire Hills Bancorp stock analysis.
Berkshire Hills Bancorp Moving Average
Moving averages show the average price of BHLB 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 Berkshire Hills Bancorp are mostly signals of long term trends and will help long term traders.
Berkshire Hills Bancorp Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Berkshire Hills Bancorp. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Berkshire Hills Bancorp bollinger bands show that the stock price is $40.95, upper band is 42.82, lower band is 39.86, and the average is 41.34.
Berkshire Hills Bancorp 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 Berkshire Hills Bancorp MACD indicator can be used to identify bullish and bearish trends for the stock.
Berkshire Hills Bancorp 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 BHLB stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.