Cape Bancorp Technical Analysis (NASDAQ:CBNJ)
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. Just by looking at the Cape Bancorp stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the CBNJ stock chart which creates a trading signal.
See Cape Bancorp bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Cape Bancorp stock analysis that does not care for the fair value of a company but uses price and volume data only.
Cape Bancorp Moving Average
Moving averages help predict the price direction of CBNJ 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 $13.82 is below the last closing price of $14.59 and the 50 day moving average of $13.38 is below the last closing price of $14.59. The 10 and 20 day periods can predict short term moving average trends.
Cape Bancorp Bollinger Bands
Bollinger bands comprise of a center line usually CBNJ SMA, and two CBNJ 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. The stock price is trading between the average and the upper band in the context of Cape Bancorp bollinger bands.
Cape 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 Cape Bancorp MACD indicator is below 0 indicating a bearish trend.
Cape 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 . If the RSI of CBNJ stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.