New Century Bancorp Technical Analysis (NASDAQ:SLCT)
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 SLCT stock chart pattern can give those who understand technical analysis an indication of which way SLCT stock is headed, but cannot predict with 100% certainty as to what can happen to the New Century Bancorp stock price.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for New Century Bancorp. 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 New Century Bancorp stock analysis.
New Century Bancorp Moving Average
Moving averages help predict the price direction of SLCT 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 $13.29 is below the price of $13.45.
New Century Bancorp Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like New Century 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 upper band in the context of New Century Bancorp bollinger bands.
New Century Bancorp Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The New Century Bancorp MACD indicator is below 0 indicating a bearish trend.
New Century 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 SLCT stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.