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.
See Paragon Commercial bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. 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
Moving averages show the PBNC stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $54.58 is above the last closing price of $53.83 and the 50 day moving average of $55.63 is above the last closing price of $53.83. The 10 and 20 day periods can predict short term moving average trends.
Paragon Commercial 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 PBNC stock. Currently the stock price of $53.83 is in the lower range of Paragon Commercial bollinger bands.
Paragon Commercial 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 Paragon Commercial MACD indicator is above 0 indicating a bullish trend.
Paragon Commercial Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 48.7 is the RSI value of PBNC stock.