ConnectOne Bancorp Technical Analysis (NASDAQ:CNOB)
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. The ConnectOne Bancorp stock price data and volume are plotted in CNOB stock charts and these trading charts form the basis of technical analysis.
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 ConnectOne Bancorp. 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 ConnectOne Bancorp stock analysis.
ConnectOne Bancorp Moving Average
Moving averages help predict the price direction of CNOB stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $28.97 is below the price of $29.5.
ConnectOne Bancorp Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like ConnectOne 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 upper band in the context of ConnectOne Bancorp bollinger bands.
ConnectOne 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 ConnectOne Bancorp MACD line is above the signal line.
ConnectOne 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 CNOB stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.