Preferred Bank Technical Analysis (NASDAQ:PFBC)
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 PFBC stock chart pattern can give those who understand technical analysis an indication of which way PFBC stock is headed, but cannot predict with 100% certainty as to what can happen to the Preferred Bank stock price.
See Preferred Bank bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Preferred Bank stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Preferred Bank Moving Average
Moving averages show the average price of PFBC stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $63.2 is below the last closing price of $64.05 and the 50 day moving average of $62.47 is below the last closing price of $64.05. The 10 and 20 day periods can predict short term moving average trends.
Preferred Bank Bollinger Bands
Bollinger bands comprise of a center line usually PFBC SMA, and two PFBC stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the upper band in the context of Preferred Bank bollinger bands.
Preferred Bank 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 Preferred Bank MACD indicator is below 0 indicating a bearish trend.
Preferred Bank 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. The relative strength index of PFBC stock is 51.2.