Riverview Bancorp Technical Analysis (NASDAQ:RVSB)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. Just by looking at the Riverview Bancorp stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the RVSB stock chart which creates a trading signal.
See Riverview Bancorp bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Riverview Bancorp stock analysis that does not care for the fair value of a company but uses price and volume data only.
Riverview Bancorp Moving Average
Moving averages help predict the price direction of RVSB 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 $8.74 is above the price of $8.65.
Riverview Bancorp Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Riverview Bancorp. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the lower band in the context of Riverview Bancorp bollinger bands.
Riverview 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 Riverview Bancorp MACD indicator is below 0 indicating a bearish trend.
Riverview 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 . 45.74 is the RSI value of RVSB stock.