New York Community Bancorp Technical Analysis (NYSE:NYCB)
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. Just by looking at the New York Community 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 NYCB stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for New York Community Bancorp. 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 New York Community Bancorp stock analysis.
New York Community Bancorp Moving Average
Moving averages show the average price of NYCB stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $11.34 is below the price of $11.41.
New York Community Bancorp Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like New York Community Bancorp. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. New York Community Bancorp bollinger bands show that the stock price is $11.41, upper band is 11.71, lower band is 10.98, and the average is 11.34.
New York Community 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 New York Community Bancorp MACD indicator is below 0 indicating a bearish trend.
New York Community Bancorp Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of NYCB stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.