Bank Mutual Technical Analysis (NASDAQ:BKMU)
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 BKMU stock chart pattern can give those who understand technical analysis an indication of which way BKMU stock is headed, but cannot predict with 100% certainty as to what can happen to the Bank Mutual stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Bank Mutual. The technical analysis form of Bank Mutual stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Bank Mutual Moving Average
Moving averages show the BKMU 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 $10.82 is above the last closing price of $10.4 and the 50 day moving average of $10.68 is above the last closing price of $10.4. The 10 and 20 day periods can predict short term moving average trends.
Bank Mutual Bollinger Bands
Bollinger bands comprise of a center line usually BKMU SMA, and two BKMU 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. Bank Mutual bollinger bands show that the stock price is $10.4, upper band is 11.25, lower band is 10.39, and the average is 10.82.
Bank Mutual 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 Bank Mutual MACD line is above the signal line.
Bank Mutual 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 . The relative strength index of BKMU stock is 30.