Plumas Bancorp Technical Analysis (NASDAQ:PLBC)
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. The Plumas Bancorp stock price data and volume are plotted in PLBC stock charts and these trading charts form the basis of technical analysis.
See Plumas Bancorp bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Plumas Bancorp stock analysis that does not care for the fair value of a company but uses price and volume data only.
Plumas Bancorp Moving Average
Moving averages help predict the price direction of PLBC 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 Plumas Bancorp are mostly signals of long term trends and will help long term traders.
Plumas Bancorp Bollinger Bands
Bollinger bands comprise of a center line usually PLBC SMA, and two PLBC 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 lower band in the context of Plumas Bancorp bollinger bands.
Plumas Bancorp 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 Plumas Bancorp MACD indicator can be used to identify bullish and bearish trends for the stock.
Plumas 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 PLBC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.