Unity Bancorp Technical Analysis (NASDAQ:UNTY)
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. When a chart pattern that can predict future Unity Bancorp stock price movements is formed, the UNTY stock chart can become a key tool for a technical analyst.
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 Unity Bancorp. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking Unity Bancorp stock analysis using these technical indicators helps identify trading opportunities.
Unity Bancorp Moving Average:
Moving averages show the UNTY stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). Moving averages can be used for UNTY trend identification. A rising moving average shows that stock prices are generally increasing.
Unity Bancorp Bollinger Bands:
Bollinger bands comprise of a center line usually UNTY SMA, and two UNTY stock price bands above and below it. The stock is considered over brought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Unity Bancorp bollinger bands show that the stock price is $16.35, upper band is 13.47, lower band is 11.97, and the average is 12.72.
Unity Bancorp Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Unity Bancorp MACD indicator can be used to identify bullish and bearish trends for the stock.
Unity Bancorp Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 37.5 is the RSI value of UNTY stock. .