The Bancorp Technical Analysis (NASDAQ:TBBK)
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. A TBBK stock chart pattern can give those who understand technical analysis an indication of which way TBBK stock is headed, but cannot predict with 100% certainty as to what can happen to the The Bancorp stock price.
See The Bancorp bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis uses an approach for The Bancorp stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
The Bancorp Moving Average:
Moving averages show the TBBK stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). A key factor that impacts moving averages is the lag factor. The 20 day moving average of $7.6 is above the price of $7.45.
The 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 TBBK stock. The Bancorp bollinger bands show that the stock price is $7.45, upper band is 24.48, lower band is 21.44, and the average is 22.96.
The 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 The Bancorp MACD line is below the signal line.
The Bancorp Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. 30.51 is the RSI value of TBBK stock. .