Columbia Banking Technical Analysis (NASDAQ:COLB)
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 Columbia Banking 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 COLB stock chart which creates a trading signal.
See Columbia Banking bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Columbia Banking stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Columbia Banking Moving Average
Moving averages show the average price of COLB 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 $42.42 is above the last closing price of $42.04 and the 50 day moving average of $43.78 is above the last closing price of $42.04. The 10 and 20 day periods can predict short term moving average trends.
Columbia Banking Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Columbia Banking. 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 Columbia Banking bollinger bands.
Columbia Banking 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 Columbia Banking MACD indicator can be used to identify bullish and bearish trends for the stock.
Columbia Banking Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. The relative strength index of COLB stock is 40.27.