Parke Bancorp Technical Analysis (NASDAQ:PKBK)
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 Parke Bancorp stock price data and volume are plotted in PKBK stock charts and these trading charts form the basis of technical analysis.
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 Parke Bancorp. Technical analysis uses an approach for Parke Bancorp stock analysis that does not care for the fair value of a company but uses price and volume data only.
Parke Bancorp Moving Average
Moving averages help predict the price direction of PKBK stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Parke Bancorp are mostly signals of long term trends and will help long term traders.
Parke Bancorp Bollinger Bands
Bollinger bands comprise of a center line usually PKBK SMA, and two PKBK 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. Currently the stock price of $23.4 is in the lower range of Parke Bancorp bollinger bands.
Parke Bancorp Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Parke Bancorp MACD indicator can be used to identify bullish and bearish trends for the stock.
Parke Bancorp Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . If the RSI of PKBK stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.