TriCo Bancshares Technical Analysis (NASDAQ:TCBK)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. A 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.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for TriCo Bancshares. 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 rise in trend over the long term indicates a long term uptrend. Similarly a falling TCBK moving average implies that TriCo Bancshares stock price is falling.
TriCo Bancshares Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like TriCo Bancshares. 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 lower band in the context 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 line is below the signal line.
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 . The relative strength index of TCBK stock is 48.58. .