Royal Bank of Scotland Plc Technical Analysis (NYSE:RBS)
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. The RBS stock chart pattern can give those who understand technical analysis an indication of which way RBS stock is headed, but cannot predict with 100% certainty as to what can happen to the Royal Bank of Scotland Plc stock price.
See Royal Bank of Scotland Plc bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. 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 Royal Bank of Scotland Plc stock analysis.
Royal Bank of Scotland Plc Moving Average
Moving averages show the RBS 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 $7.57 is below the price of $7.75.
Royal Bank of Scotland Plc Bollinger Bands
Bollinger bands comprise of a center line usually RBS SMA, and two RBS 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. Royal Bank of Scotland Plc bollinger bands show that the stock price is $7.75, upper band is 7.92, lower band is 7.22, and the average is 7.57.
Royal Bank of Scotland Plc 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 Royal Bank of Scotland Plc MACD indicator is below 0 indicating a bearish trend.
Royal Bank of Scotland Plc 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. The relative strength index of RBS stock is 78.57.