Central Valley Comm. Bancorp Technical Analysis (NASDAQ:CVCY)
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. Just by looking at the Central Valley Comm. 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 CVCY stock chart which creates a trading signal.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Central Valley Comm. Bancorp. The technical analysis form of Central Valley Comm. 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.
Central Valley Comm. Bancorp Moving Average:
Moving averages help predict the price direction of CVCY 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 $20.25 is below the last closing price of $22.71 and the 50 day moving average of $20.3 is below the $22.71 price. The 10 and 20 day periods can predict short term moving average trends.
Central Valley Comm. Bancorp Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Central Valley Comm. Bancorp. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Central Valley Comm. Bancorp bollinger bands show that the stock price is $22.71, upper band is 12.29, lower band is 11.63, and the average is 11.96.
Central Valley Comm. 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 Central Valley Comm. Bancorp MACD line is below the signal line.
Central Valley Comm. Bancorp Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. The relative strength index of CVCY stock is 74.61. .