TrustCo Bank Corp Technical Analysis (NASDAQ:TRST)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the TrustCo Bank Corp stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the TRST stock chart which creates a trading signal.
See TrustCo Bank Corp bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. The technical analysis form of TrustCo Bank Corp stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
TrustCo Bank Corp Moving Average:
Moving averages show the average price of TRST stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. Moving averages can be used for TRST trend identification. A rising moving average shows that stock prices are generally increasing.
TrustCo Bank Corp Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like TrustCo Bank Corp. 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 upper band in the context of TrustCo Bank Corp bollinger bands.
TrustCo Bank Corp 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 TrustCo Bank Corp MACD line is below the signal line.
TrustCo Bank Corp 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 TRST stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .