The Bancorp Technical Analysis (NASDAQ:TBBK)
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. The 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.
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 The 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 The Bancorp stock analysis.
The Bancorp Moving Average
Moving averages show the average price of TBBK stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $11.35 is above the last closing price of $11.16 and the 50 day moving average of $11.08 is below the last closing price of $11.16. The 10 and 20 day periods can predict short term moving average trends.
The Bancorp Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like The Bancorp. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $11.16 is in the lower range of The Bancorp bollinger bands.
The 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 The Bancorp MACD indicator is below 0 indicating a bearish trend.
The 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 . 43.1 is the RSI value of TBBK stock.