Broadway Financial Technical Analysis (NASDAQ:BYFC)
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. The BYFC stock chart pattern can give those who understand technical analysis an indication of which way BYFC stock is headed, but cannot predict with 100% certainty as to what can happen to the Broadway Financial stock price.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Broadway Financial. 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 Broadway Financial stock analysis.
Broadway Financial Moving Average
Moving averages help predict the price direction of BYFC stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Broadway Financial are mostly signals of long term trends and will help long term traders.
Broadway Financial Bollinger Bands
Bollinger bands comprise of a center line usually BYFC SMA, and two BYFC 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. Broadway Financial bollinger bands show that the stock price is $2.18, upper band is 2.2, lower band is 2.05, and the average is 2.13.
Broadway Financial Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Broadway Financial MACD line is above the signal line.
Broadway Financial Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of BYFC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.