Lake Shore Bancorp Technical Analysis (NASDAQ:LSBK)
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. Just by looking at the Lake Shore Bancorp stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the LSBK stock chart which creates a trading signal.
See Lake Shore Bancorp bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. 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 Lake Shore Bancorp stock analysis.
Lake Shore Bancorp Moving Average
Moving averages help predict the price direction of LSBK stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $16.86 is below the price of $17.
Lake Shore Bancorp Bollinger Bands
Bollinger bands comprise of a center line usually LSBK SMA, and two LSBK 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. Lake Shore Bancorp bollinger bands show that the stock price is $17, upper band is 17.03, lower band is 16.68, and the average is 16.86.
Lake Shore Bancorp Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Lake Shore Bancorp MACD indicator is above 0 indicating a bullish trend.
Lake Shore 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 . If the RSI of LSBK stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.