Century Bancorp Technical Analysis (NASDAQ:CNBKA)
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. The CNBKA stock chart pattern can give those who understand technical analysis an indication of which way CNBKA stock is headed, but cannot predict with 100% certainty as to what can happen to the Century Bancorp 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 Century Bancorp. Technical analysis uses an approach for Century Bancorp stock analysis that does not care for the fair value of a company but uses price and volume data only.
Century Bancorp Moving Average
Moving averages show the average price of CNBKA stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $78.83 is above the last closing price of $76.65 and the 50 day moving average of $79.41 is above the last closing price of $76.65. The 10 and 20 day periods can predict short term moving average trends.
Century Bancorp Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the CNBKA stock. Currently the stock price of $76.65 is in the lower range of Century Bancorp bollinger bands.
Century 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 Century Bancorp MACD line is below the signal line.
Century 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 CNBKA stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.