LCNB Technical Analysis (NASDAQ:LCNB)
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 LCNB stock price data and volume are plotted in LCNB stock charts and these trading charts form the basis of technical analysis.
See LCNB bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of LCNB stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
LCNB Moving Average
Moving averages show the average price of LCNB 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 $19.53 is below the last closing price of $19.6 and the 50 day moving average of $19.08 is below the last closing price of $19.6. The 10 and 20 day periods can predict short term moving average trends.
LCNB Bollinger Bands
Bollinger bands comprise of a center line usually LCNB SMA, and two LCNB 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. LCNB bollinger bands show that the stock price is $19.6, upper band is 20.09, lower band is 18.97, and the average is 19.53.
LCNB 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 LCNB MACD line is above the signal line.
LCNB Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of LCNB stock is 45.45.