TriCo Bancshares Technical Analysis (NASDAQ:TCBK)
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 TCBK stock chart pattern can give those who understand technical analysis an indication of which way TCBK stock is headed, but cannot predict with 100% certainty as to what can happen to the TriCo Bancshares stock price.
See TriCo Bancshares bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for TriCo Bancshares stock analysis that does not care for the fair value of a company but uses price and volume data only.
TriCo Bancshares Moving Average
Moving averages help predict the price direction of TCBK 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 $37.44 is below the price of $38.
TriCo Bancshares Bollinger Bands
Bollinger bands comprise of a center line usually TCBK SMA, and two TCBK stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $38 is in the upper range of TriCo Bancshares bollinger bands.
TriCo Bancshares 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 TriCo Bancshares MACD indicator can be used to identify bullish and bearish trends for the stock.
TriCo Bancshares 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 TCBK stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.