Bank of Commerce Technical Analysis (NASDAQ:BOCH)
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 BOCH stock chart pattern can give those who understand technical analysis an indication of which way BOCH stock is headed, but cannot predict with 100% certainty as to what can happen to the Bank of Commerce stock price.
See Bank of Commerce bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Bank of Commerce stock analysis that does not care for the fair value of a company but uses price and volume data only.
Bank of Commerce Moving Average
Moving averages show the BOCH 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. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $12.57 is above the price of $12.4.
Bank of Commerce Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Bank of Commerce. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Bank of Commerce bollinger bands show that the stock price is $12.4, upper band is 13.16, lower band is 11.97, and the average is 12.57.
Bank of Commerce 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 of Commerce MACD indicator can be used to identify bullish and bearish trends for the stock.
Bank of Commerce 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 . 46.15 is the RSI value of BOCH stock.