Metro Bancorp Technical Analysis (NASDAQ:METR)
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. Just by looking at the Metro 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 METR stock chart which creates a trading signal.
See Metro Bancorp bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Metro 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.
Metro Bancorp Moving Average
Moving averages show the average price of METR stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Metro Bancorp are mostly signals of long term trends and will help long term traders.
Metro Bancorp 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 METR stock. Currently the stock price of $28.19 is in the upper range of Metro Bancorp bollinger bands.
Metro 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 Metro Bancorp MACD indicator can be used to identify bullish and bearish trends for the stock.
Metro 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 METR stock is 64.4.