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.
See New Century Bancorp bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for New Century Bancorp stock analysis that does not care for the fair value of a company but uses price and volume data only.
New Century Bancorp Moving Average
Moving averages show the SLCT 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. The 20 day moving average of $12.72 is above the last closing price of $12.45 and the 50 day moving average of $12.88 is above the last closing price of $12.45. The 10 and 20 day periods can predict short term moving average trends.
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. Currently the stock price of $12.45 is in the lower range 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 gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The New Century Bancorp MACD indicator can be used to identify bullish and bearish trends for the stock.
New Century Bancorp 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. 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.