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.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for TrustCo Bank Corp. 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 TrustCo Bank Corp stock analysis.
TrustCo Bank Corp Moving Average
Moving averages show the TRST stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $8.87 is below the last closing price of $9.05 and the 50 day moving average of $8.75 is below the last closing price of $9.05. The 10 and 20 day periods can predict short term moving average trends.
TrustCo Bank Corp 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 TRST stock. 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
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 TrustCo Bank Corp MACD indicator is below 0 indicating a bearish trend.
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.