Prudential Bancorp Technical Analysis (NASDAQ:PBIP)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. Just by looking at the Prudential 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 PBIP stock chart which creates a trading signal.
See Prudential Bancorp bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Prudential Bancorp stock analysis that does not care for the fair value of a company but uses price and volume data only.
Prudential Bancorp Moving Average
Moving averages help predict the price direction of PBIP stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $19.41 is above the last closing price of $19.3 and the 50 day moving average of $18.59 is below the last closing price of $19.3. The 10 and 20 day periods can predict short term moving average trends.
Prudential 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 PBIP stock. Prudential Bancorp bollinger bands show that the stock price is $19.3, upper band is 19.69, lower band is 19.14, and the average is 19.41.
Prudential 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 Prudential Bancorp MACD indicator is below 0 indicating a bearish trend.
Prudential Bancorp Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 50 is the RSI value of PBIP stock.