Chicopee Bancorp Technical Analysis (NASDAQ:CBNK)
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. When a chart pattern that can predict future Chicopee Bancorp stock price movements is formed, the CBNK stock chart can become a key tool for a technical analyst.
See Chicopee Bancorp bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis uses an approach for Chicopee Bancorp stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
Chicopee Bancorp Moving Average:
CBNK stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of Chicopee Bancorp chart patterns after the calculations remain the same. The 100 day moving average of 18.39 is below the last closing price of 18.82. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $18.41 is below the price of $18.82.
Chicopee Bancorp Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Chicopee Bancorp. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the lower band in the context of Chicopee Bancorp bollinger bands.
Chicopee 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 Chicopee Bancorp MACD line is below the signal line.
Chicopee 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 CBNK stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .