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. The Unity Bancorp stock price data and volume are plotted in UNTY stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Unity Bancorp. 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 Unity Bancorp stock analysis.
Unity Bancorp Moving Average
Moving averages show the average price of UNTY stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $20.35 is below the price of $20.4.
Unity Bancorp 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 UNTY stock. Currently the stock price of $20.4 is in the upper range of Unity Bancorp bollinger bands.
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 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 UNTY stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.