West Bancorp Technical Analysis (NASDAQ:WTBA)
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 WTBA stock chart pattern can give those who understand technical analysis an indication of which way WTBA stock is headed, but cannot predict with 100% certainty as to what can happen to the West Bancorp stock price.
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 West Bancorp. The technical analysis form of West Bancorp stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
West Bancorp Moving Average
Moving averages help predict the price direction of WTBA stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for West Bancorp are mostly signals of long term trends and will help long term traders.
West Bancorp Bollinger Bands
Bollinger bands comprise of a center line usually WTBA SMA, and two WTBA stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $26.35 is in the upper range of West Bancorp bollinger bands.
West Bancorp 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 West Bancorp MACD indicator can be used to identify bullish and bearish trends for the stock.
West Bancorp Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of WTBA stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.