Eagle Bancorp Technical Analysis (NASDAQ:EGBN)
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 EGBN stock chart pattern can give those who understand technical analysis an indication of which way EGBN stock is headed, but cannot predict with 100% certainty as to what can happen to the Eagle Bancorp stock price.
See Eagle Bancorp bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Eagle Bancorp stock analysis that does not care for the fair value of a company but uses price and volume data only.
Eagle Bancorp Moving Average
Moving averages show the average price of EGBN stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Eagle Bancorp are mostly signals of long term trends and will help long term traders.
Eagle Bancorp Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Eagle Bancorp. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Eagle Bancorp bollinger bands show that the stock price is $62.65, upper band is 64.07, lower band is 60.17, and the average is 62.12.
Eagle Bancorp Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Eagle Bancorp MACD indicator can be used to identify bullish and bearish trends for the stock.
Eagle Bancorp Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 52.98 is the RSI value of EGBN stock.