Elmira Savings Bank NY Technical Analysis (NASDAQ:ESBK)
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 ESBK stock chart pattern can give those who understand technical analysis an indication of which way ESBK stock is headed, but cannot predict with 100% certainty as to what can happen to the Elmira Savings Bank NY stock price.
See Elmira Savings Bank NY bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Elmira Savings Bank NY stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Elmira Savings Bank NY Moving Average
Moving averages show the ESBK 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 longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Elmira Savings Bank NY are mostly signals of long term trends and will help long term traders.
Elmira Savings Bank NY Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Elmira Savings Bank NY. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Elmira Savings Bank NY bollinger bands show that the stock price is $20.5, upper band is 20.6, lower band is 20.21, and the average is 20.4.
Elmira Savings Bank NY 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 Elmira Savings Bank NY MACD line is below the signal line.
Elmira Savings Bank NY 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 . If the RSI of ESBK stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.