Cordia Bancorp Technical Analysis (NASDAQ:BVA)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. When a chart pattern that can predict future Cordia Bancorp stock price movements is formed, the BVA stock chart can become a key tool for a technical analyst.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Cordia Bancorp. The technical analysis form of Cordia Bancorp stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Cordia Bancorp Moving Average:
Moving averages help predict the price direction of BVA stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $5.13 is below the last closing price of $5.15 and the 50 day moving average of $5.09 is below the $5.15 price. The 10 and 20 day periods can predict short term moving average trends.
Cordia Bancorp Bollinger Bands:
Bollinger bands comprise of a center line usually BVA SMA, and two BVA stock price bands above and below it. The stock is considered over brought 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 $5.15 is in the upper range of Cordia Bancorp bollinger bands.
Cordia Bancorp 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 Cordia Bancorp MACD indicator is below 0 indicating a bearish trend.
Cordia Bancorp Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of BVA stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .