Meridian Interstate Bancorp Technical Analysis (NASDAQ:EBSB)
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 Meridian Interstate 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 EBSB stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Meridian Interstate Bancorp. Technical analysis uses an approach for Meridian Interstate Bancorp stock analysis that does not care for the fair value of a company but uses price and volume data only.
Meridian Interstate Bancorp Moving Average
Moving averages show the EBSB stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $19.84 is above the last closing price of $18.85 and the 50 day moving average of $20.16 is above the last closing price of $18.85. The 10 and 20 day periods can predict short term moving average trends.
Meridian Interstate Bancorp Bollinger Bands
Bollinger bands comprise of a center line usually EBSB SMA, and two EBSB stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $18.85 is in the lower range of Meridian Interstate Bancorp bollinger bands.
Meridian Interstate 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 Meridian Interstate Bancorp MACD line is above the signal line.
Meridian Interstate Bancorp Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 36.11 is the RSI value of EBSB stock.