Enterprise Bancorp Technical Analysis (NASDAQ:EBTC)
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. When a chart pattern that can predict future Enterprise Bancorp stock price movements is formed, the EBTC stock chart can become a key tool for a technical analyst.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Enterprise Bancorp. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Enterprise Bancorp stock analysis.
Enterprise Bancorp Moving Average:
Moving averages help predict the price direction of EBTC 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 $32.72 is above the price of $31.6.
Enterprise Bancorp Bollinger Bands:
Bollinger bands comprise of a center line usually EBTC SMA, and two EBTC stock price bands above and below it. The stock is considered over brought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. 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:
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Enterprise Bancorp MACD indicator can be used to identify bullish and bearish trends for the stock.
Enterprise Bancorp Relative Strength Index:
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . 36.91 is the RSI value of EBTC stock. .