CU Bancorp Technical Analysis (NASDAQ:CUNB)
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 CUNB stock chart pattern can give those who understand technical analysis an indication of which way CUNB stock is headed, but cannot predict with 100% certainty as to what can happen to the CU Bancorp stock price.
See CU Bancorp bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of CU 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.
CU Bancorp Moving Average
Moving averages help predict the price direction of CUNB 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 $37.93 is above the price of $37.5.
CU 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 CUNB stock. Currently the stock price of $37.5 is in the lower range of CU Bancorp bollinger bands.
CU 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 CU Bancorp MACD indicator is above 0 indicating a bullish trend.
CU Bancorp 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. 32.14 is the RSI value of CUNB stock.