Parke Bancorp Technical Analysis (NASDAQ:PKBK)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. Just by looking at the Parke Bancorp 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 PKBK stock chart which creates a trading signal.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Parke Bancorp. 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 Parke Bancorp stock analysis.
Parke Bancorp Moving Average:
PKBK stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of Parke Bancorp chart patterns after the calculations remain the same. The 100 day moving average of 20.74 is below the last closing price of 22.15. Moving averages can be used for PKBK trend identification. A rising moving average shows that stock prices are generally increasing.
Parke Bancorp 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 PKBK stock. Currently the stock price of $22.15 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 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 Parke Bancorp MACD indicator can be used to identify bullish and bearish trends for the stock.
Parke Bancorp 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. 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. .