Bryn Mawr Bank Technical Analysis (NASDAQ:BMTC)
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. When a chart pattern that can predict future Bryn Mawr Bank stock price movements is formed, the BMTC stock chart can become a key tool for a technical analyst.
See Bryn Mawr Bank bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking Bryn Mawr Bank stock analysis using these technical indicators helps identify trading opportunities.
Bryn Mawr Bank Moving Average:
Moving averages show the BMTC stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). The 20 day moving average of $40.56 is below the last closing price of $41.75 and the 50 day moving average of $41.45 is below the $41.75 price. The 10 and 20 day periods can predict short term moving average trends.
Bryn Mawr Bank 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 BMTC stock. Currently the stock price of $41.75 is in the lower range of Bryn Mawr Bank bollinger bands.
Bryn Mawr Bank 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 Bryn Mawr Bank MACD line is above the signal line.
Bryn Mawr Bank 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. The relative strength index of BMTC stock is 56.1. .