Valley National Bancorp Technical Analysis (NYSE:VLY)
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 Valley National Bancorp stock price data and volume are plotted in VLY stock charts and these trading charts form the basis of technical analysis.
See Valley National Bancorp bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Valley National Bancorp stock analysis that does not care for the fair value of a company but uses price and volume data only.
Valley National Bancorp Moving Average
Moving averages show the VLY 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 longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Valley National Bancorp are mostly signals of long term trends and will help long term traders.
Valley National Bancorp Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Valley National Bancorp. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $12.87 is in the upper range of Valley National Bancorp bollinger bands.
Valley National 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 Valley National Bancorp MACD indicator can be used to identify bullish and bearish trends for the stock.
Valley National Bancorp Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of VLY stock is 55.6.