Prosperity Bancshares Technical Analysis (NYSE:PB)
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 Prosperity Bancshares stock price data and volume are plotted in PB stock charts and these trading charts form the basis of technical analysis.
See Prosperity Bancshares bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. 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 Prosperity Bancshares stock analysis.
Prosperity Bancshares Moving Average
Moving averages help predict the price direction of PB stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Prosperity Bancshares are mostly signals of long term trends and will help long term traders.
Prosperity Bancshares 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 PB stock. The stock price is trading between the average and the lower band in the context of Prosperity Bancshares bollinger bands.
Prosperity Bancshares 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 Prosperity Bancshares MACD line is below the signal line.
Prosperity Bancshares Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of PB stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.