Paragon Commercial Technical Analysis (NASDAQ:PBNC)
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 Paragon Commercial 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 PBNC stock chart which creates a trading signal.
You can view Simple Moving Average (SMA 20 day, 50 day & 100 day), Exponential Moving Average (EMA 20 day, 50 day & 100 day) charts, and Bollinger Bands for Paragon Commercial. Technical analysis uses an approach for Paragon Commercial stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
Paragon Commercial Moving Average:
PBNC stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of Paragon Commercial chart patterns after the calculations remain the same. The 100 day moving average of 52.4 is below the last closing price of 54.38. A rise in trend over the long term indicates a long term uptrend. Similarly a falling PBNC moving average implies that Paragon Commercial stock price is falling.
Paragon Commercial Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Paragon Commercial. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $54.38 is in the lower range of Paragon Commercial bollinger bands.
Paragon Commercial Moving Average Convergence Divergence or MACD:
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Paragon Commercial MACD indicator can be used to identify bullish and bearish trends for the stock.
Paragon Commercial 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 PBNC stock is 63.76. .