Brookline Bancorp Technical Analysis (NASDAQ:BRKL)
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 BRKL stock chart pattern can give those who understand technical analysis an indication of which way BRKL stock is headed, but cannot predict with 100% certainty as to what can happen to the Brookline Bancorp stock price.
See Brookline Bancorp bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. 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 Brookline Bancorp stock analysis.
Brookline Bancorp Moving Average
Moving averages show the average price of BRKL stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $16.31 is below the last closing price of $17.05 and the 50 day moving average of $16.43 is below the last closing price of $17.05. The 10 and 20 day periods can predict short term moving average trends.
Brookline Bancorp Bollinger Bands
Bollinger bands comprise of a center line usually BRKL SMA, and two BRKL 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. Currently the stock price of $17.05 is in the upper range of Brookline Bancorp bollinger bands.
Brookline Bancorp Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Brookline Bancorp MACD indicator is below 0 indicating a bearish trend.
Brookline Bancorp 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 BRKL stock is 69.39.