Middlefield Banc Corp Technical Analysis (NASDAQ:MBCN)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the Middlefield Banc Corp 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 MBCN stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Middlefield Banc Corp. The technical analysis form of Middlefield Banc Corp stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Middlefield Banc Corp Moving Average
Moving averages help predict the price direction of MBCN stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $49.36 is above the last closing price of $49 and the 50 day moving average of $48.71 is below the last closing price of $49. The 10 and 20 day periods can predict short term moving average trends.
Middlefield Banc Corp Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the MBCN stock. Currently the stock price of $49 is in the lower range of Middlefield Banc Corp bollinger bands.
Middlefield Banc Corp 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 Middlefield Banc Corp MACD indicator can be used to identify bullish and bearish trends for the stock.
Middlefield Banc Corp 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 . The relative strength index of MBCN stock is 47.89.