Mid Penn Bancorp Technical Analysis (NASDAQ:MPB)

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$29.45 $0.5 (1.73%) MPB stock closing price Sep 25, 2017 (Closing)

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. Just by looking at the Mid Penn 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 MPB stock chart which creates a trading signal.

View technical indicators like moving averages (SMA and EMA), and bollinger bands for Mid Penn Bancorp. Technical analysis uses an approach for Mid Penn Bancorp stock analysis that does not care for the fair "value" of a company but uses price and volume data only.

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Mid Penn Bancorp Moving Average:

Moving averages help predict the price direction of MPB stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. One needs to choose the duration of a moving average depending on the investment objective and investment horizon. For periods greater than 100, it takes a larger and longer MPB stock price movement for the moving average to change course.  

Mid Penn Bancorp Bollinger Bands:

Bollinger bands consist of two price bands above and below a center line for any company stock like Mid Penn Bancorp. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Mid Penn Bancorp bollinger bands show that the stock price is $28.95, upper band is 25.67, lower band is 23.49, and the average is 24.58.

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 above 0 indicating a bullish trend.

Mid Penn Bancorp Relative Strength Index:

The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements.   The relative strength index of MPB stock is 64.68. .