Pacific Mercantile Bancorp Technical Analysis (NASDAQ:PMBC)
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 PMBC stock chart pattern can give those who understand technical analysis an indication of which way PMBC stock is headed, but cannot predict with 100% certainty as to what can happen to the Pacific Mercantile Bancorp stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Pacific Mercantile 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 Pacific Mercantile Bancorp stock analysis.
Pacific Mercantile Bancorp Moving Average
Moving averages help predict the price direction of PMBC stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $8.51 is above the price of $8.15.
Pacific Mercantile Bancorp Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Pacific Mercantile Bancorp. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Pacific Mercantile Bancorp bollinger bands show that the stock price is $8.15, upper band is 8.9, lower band is 8.12, and the average is 8.51.
Pacific Mercantile 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 Pacific Mercantile Bancorp MACD line is below the signal line.
Pacific Mercantile 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 PMBC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.