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. Just by looking at the Preferred Bank 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 PFBC stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Preferred Bank. 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 Preferred Bank stock analysis.
Preferred Bank Moving Average
Moving averages show the PFBC 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. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $60.77 is below the price of $61.35.
Preferred Bank 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 PFBC stock. Currently the stock price of $61.35 is in the upper range 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 can be used to identify bullish and bearish trends for the stock.
Preferred Bank Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 51.09 is the RSI value of PFBC stock.