Mackinac Financial Technical Analysis (NASDAQ:MFNC)
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. The Mackinac Financial stock price data and volume are plotted in MFNC stock charts and these trading charts form the basis of technical analysis.
See Mackinac Financial bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Mackinac Financial stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Mackinac Financial Moving Average
Moving averages show the MFNC stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Mackinac Financial are mostly signals of long term trends and will help long term traders.
Mackinac Financial Bollinger Bands
Bollinger bands comprise of a center line usually MFNC SMA, and two MFNC 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. Mackinac Financial bollinger bands show that the stock price is $16, upper band is 16.33, lower band is 15.68, and the average is 16.
Mackinac Financial 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 Mackinac Financial MACD indicator can be used to identify bullish and bearish trends for the stock.
Mackinac Financial 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 MFNC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.