Eagle Bancorp Technical Analysis (NASDAQ:EGBN)
Technical chart patterns are studied in depth by people who strongly believe in technical analysis. These type of investors who look at trading charts or technical stock charts are usually traders rather than value investors. The Eagle Bancorp stock price data and volume are plotted in EGBN stock charts and these trading charts form the basis of technical analysis.
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 Eagle 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 Eagle Bancorp stock analysis.
Eagle Bancorp Moving Average:
EGBN stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of Eagle Bancorp chart patterns after the calculations remain the same. The 100 day moving average of 60.62 is below the last closing price of 62. Moving averages can be used for EGBN trend identification. A rising moving average shows that stock prices are generally increasing.
Eagle Bancorp Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of Eagle Bancorp stock price relative to previous trades. Currently the stock price of $62 is in the lower range of Eagle Bancorp bollinger bands.
Eagle 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 Eagle Bancorp MACD line is above the signal line.
Eagle 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 . 50 is the RSI value of EGBN stock. .