Provident Bancorp Technical Analysis (NASDAQ:PVBC)
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 PVBC stock chart pattern can give those who understand technical analysis an indication of which way PVBC stock is headed, but cannot predict with 100% certainty as to what can happen to the Provident Bancorp stock price.
See Provident Bancorp bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Provident Bancorp stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Provident Bancorp Moving Average
Moving averages show the PVBC 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. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $24.2 is below the price of $25.5.
Provident Bancorp Bollinger Bands
Bollinger bands comprise of a center line usually PVBC SMA, and two PVBC 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 upper band in the context of Provident Bancorp bollinger bands.
Provident 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 Provident Bancorp MACD indicator can be used to identify bullish and bearish trends for the stock.
Provident 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 PVBC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.