Poage Bankshares Technical Analysis (NASDAQ:PBSK)
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 Poage Bankshares 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 PBSK stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Poage Bankshares. 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 Poage Bankshares stock analysis.
Poage Bankshares Moving Average
Moving averages help predict the price direction of PBSK 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 $21.4 is below the last closing price of $24.85 and the 50 day moving average of $20.13 is below the last closing price of $24.85. The 10 and 20 day periods can predict short term moving average trends.
Poage Bankshares Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Poage Bankshares. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Poage Bankshares bollinger bands show that the stock price is $24.85, upper band is 25.89, lower band is 16.92, and the average is 21.4.
Poage Bankshares 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 Poage Bankshares MACD indicator can be used to identify bullish and bearish trends for the stock.
Poage Bankshares Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of PBSK stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.