Patriot National Bancorp (PNBK) Technical Analysis

Patriot National Bancorp Inc (PNBK) is currently undergoing technical analysis to evaluate its stock performance. Several technical indicators are being considered to gain insights into the stock's potential. The RSI (Relative Strength Index) is one such indicator that measures the stock's price momentum and overbought or oversold conditions. This helps investors determine if the stock is undervalued or overvalued. Another indicator being analyzed is the ADX (Average Directional Index), which measures the strength of a stock's trend. It assists in identifying whether the stock is in a strong uptrend or downtrend.

The MACD (Moving Average Convergence Divergence) is also being analyzed to assess the stock's trend and potential reversal points. It calculates the difference between two moving averages, indicating bullish or bearish signals. The ROC (Rate of Change) is another indicator used to measure the stock's price momentum over a specific period. It helps identify the stock's potential for short-term gains or losses. The STOCHRSI (Stochastic Relative Strength Index) combines the RSI and Stochastic Oscillator to identify overbought or oversold levels effectively. Lastly, the WILLR (Williams %R) measures if the stock is overbought or oversold and predicts potential price reversals.