Macatawa Bank Technical Analysis (NASDAQ:MCBC)
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. A MCBC stock chart pattern can give those who understand technical analysis an indication of which way MCBC stock is headed, but cannot predict with 100% certainty as to what can happen to the Macatawa Bank stock price.
See Macatawa Bank 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 Macatawa Bank stock analysis.
Macatawa Bank Moving Average:
Moving averages show the MCBC stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). Moving averages can be used for MCBC trend identification. A rising moving average shows that stock prices are generally increasing.
Macatawa Bank Bollinger Bands:
Bollinger bands comprise of a center line usually MCBC SMA, and two MCBC stock price bands above and below it. The stock is considered over brought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the upper band in the context of Macatawa Bank bollinger bands.
Macatawa Bank 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 Macatawa Bank MACD indicator is below 0 indicating a bearish trend.
Macatawa Bank Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. If the RSI of MCBC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .