Enterprise Bancorp Technical Analysis (NASDAQ:EBTC)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The EBTC stock chart pattern can give those who understand technical analysis an indication of which way EBTC stock is headed, but cannot predict with 100% certainty as to what can happen to the Enterprise Bancorp stock price.
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 Enterprise Bancorp. Technical analysis uses an approach for Enterprise Bancorp stock analysis that does not care for the fair value of a company but uses price and volume data only.
Enterprise Bancorp Moving Average
Moving averages show the average price of EBTC stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $33.26 is above the price of $32.68.
Enterprise 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 EBTC stock. The stock price is trading between the average and the lower band in the context of Enterprise Bancorp bollinger bands.
Enterprise 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 Enterprise Bancorp MACD indicator is below 0 indicating a bearish trend.
Enterprise Bancorp Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of EBTC stock is 41.22.