Sierra Bancorp Technical Analysis (NASDAQ:BSRR)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. Just by looking at the Sierra Bancorp 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 BSRR stock chart which creates a trading signal.
See Sierra Bancorp 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 Sierra Bancorp stock analysis.
Sierra Bancorp Moving Average:
Moving averages show the BSRR stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). The 20 day moving average of $76.25 is below the last closing price of $24.88 and the 50 day moving average of $75.08 is below the $24.88 price. The 10 and 20 day periods can predict short term moving average trends.
Sierra Bancorp Bollinger Bands:
Bollinger bands comprise of a center line usually BSRR SMA, and two BSRR stock price bands above and below it. The stock is considered over brought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the lower band in the context of Sierra Bancorp bollinger bands.
Sierra 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 Sierra Bancorp MACD indicator is below 0 indicating a bearish trend.
Sierra Bancorp Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 74.32 is the RSI value of BSRR stock. .