Patriot National Bancorp Technical Analysis (NASDAQ:PNBK)
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 PNBK stock chart pattern can give those who understand technical analysis an indication of which way PNBK stock is headed, but cannot predict with 100% certainty as to what can happen to the Patriot National Bancorp stock price.
See Patriot National Bancorp bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Patriot National Bancorp stock analysis that does not care for the fair value of a company but uses price and volume data only.
Patriot National Bancorp Moving Average
Moving averages show the PNBK 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. The 20 day moving average of $18.09 is below the last closing price of $18.8 and the 50 day moving average of $18 is below the last closing price of $18.8. The 10 and 20 day periods can predict short term moving average trends.
Patriot National Bancorp Bollinger Bands
Bollinger bands comprise of a center line usually PNBK SMA, and two PNBK 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. Patriot National Bancorp bollinger bands show that the stock price is $18.8, upper band is 18.93, lower band is 17.24, and the average is 18.09.
Patriot National 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 Patriot National Bancorp MACD indicator can be used to identify bullish and bearish trends for the stock.
Patriot National 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 PNBK stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.