Mid Penn Bancorp Technical Analysis (NASDAQ:MPB)
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. The Mid Penn Bancorp stock price data and volume are plotted in MPB stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Mid Penn Bancorp. The technical analysis form of Mid Penn 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.
Mid Penn Bancorp Moving Average
Moving averages show the average price of MPB stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $32.47 is above the last closing price of $32.3 and the 50 day moving average of $33.31 is above the last closing price of $32.3. The 10 and 20 day periods can predict short term moving average trends.
Mid Penn 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 MPB stock. Mid Penn Bancorp bollinger bands show that the stock price is $32.3, upper band is 34.04, lower band is 30.9, and the average is 32.47.
Mid Penn Bancorp Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Mid Penn Bancorp MACD indicator is below 0 indicating a bearish trend.
Mid Penn 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 . The relative strength index of MPB stock is 45.5.