River Valley Bancorp Technical Analysis (NASDAQ:RIVR)
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 RIVR stock chart pattern can give those who understand technical analysis an indication of which way RIVR stock is headed, but cannot predict with 100% certainty as to what can happen to the River Valley Bancorp stock price.
See River Valley Bancorp bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for River Valley Bancorp stock analysis that does not care for the fair value of a company but uses price and volume data only.
River Valley Bancorp Moving Average
Moving averages show the average price of RIVR stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $33.61 is below the price of $34.32.
River Valley Bancorp Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the RIVR stock. Currently the stock price of $34.32 is in the upper range of River Valley Bancorp bollinger bands.
River Valley 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 River Valley Bancorp MACD indicator can be used to identify bullish and bearish trends for the stock.
River Valley 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 RIVR stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.