Glen Burnie Bancorp Technical Analysis (NASDAQ:GLBZ)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The Glen Burnie Bancorp stock price data and volume are plotted in GLBZ 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 Glen Burnie Bancorp. The technical analysis form of Glen Burnie Bancorp stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Glen Burnie Bancorp Moving Average
Moving averages show the average price of GLBZ stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $11.57 is below the last closing price of $11.66 and the 50 day moving average of $11.73 is above the last closing price of $11.66. The 10 and 20 day periods can predict short term moving average trends.
Glen Burnie Bancorp Bollinger Bands
Bollinger bands comprise of a center line usually GLBZ SMA, and two GLBZ stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Glen Burnie Bancorp bollinger bands show that the stock price is $11.66, upper band is 11.81, lower band is 11.33, and the average is 11.57.
Glen Burnie 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 Glen Burnie Bancorp MACD indicator is above 0 indicating a bullish trend.
Glen Burnie 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. The relative strength index of GLBZ stock is 48.46.