Chicopee Bancorp Technical Analysis (NASDAQ:CBNK)

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$18.82 $0.32 (1.73%) CBNK stock closing price Oct 21, 2016 (Closing)

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. Just by looking at the Chicopee 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 CBNK stock chart which creates a trading signal.

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 Chicopee Bancorp. The technical analysis form of Chicopee 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.

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Chicopee Bancorp Moving Average

Moving averages help predict the price direction of CBNK 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 $18.41 is below the last closing price of $18.82 and the 50 day moving average of $18.35 is below the last closing price of $18.82. The 10 and 20 day periods can predict short term moving average trends.

Chicopee Bancorp Bollinger Bands

Bollinger bands comprise of a center line usually CBNK SMA, and two CBNK 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 $18.82 is in the upper range 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 gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Chicopee Bancorp MACD line is below the signal line.

Chicopee Bancorp Relative Strength Index

The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of CBNK stock is 60.89.