Xenith Bankshares Technical Analysis (NASDAQ:XBKS)
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 Xenith Bankshares 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 XBKS stock chart which creates a trading signal.
See Xenith Bankshares bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. 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 Xenith Bankshares stock analysis.
Xenith Bankshares Moving Average
Moving averages show the average price of XBKS stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Xenith Bankshares are mostly signals of long term trends and will help long term traders.
Xenith Bankshares Bollinger Bands
Bollinger bands comprise of a center line usually XBKS SMA, and two XBKS 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 $33.83 is in the lower range of Xenith Bankshares bollinger bands.
Xenith Bankshares 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 Xenith Bankshares MACD line is below the signal line.
Xenith Bankshares Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 47.03 is the RSI value of XBKS stock.