Enterprise Financial Services Technical Analysis (NASDAQ:EFSC)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. A EFSC stock chart pattern can give those who understand technical analysis an indication of which way EFSC stock is headed, but cannot predict with 100% certainty as to what can happen to the Enterprise Financial Services 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 Enterprise Financial Services. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking Enterprise Financial Services stock analysis using these technical indicators helps identify trading opportunities.
Enterprise Financial Services Moving Average:
Moving averages show the average price of EFSC stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $76.25 is below the price of $41.2.
Enterprise Financial Services Bollinger Bands:
Bollinger bands comprise of a center line usually EFSC SMA, and two EFSC 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 Enterprise Financial Services bollinger bands.
Enterprise Financial Services 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 Enterprise Financial Services MACD line is below the signal line.
Enterprise Financial Services Relative Strength Index:
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . If the RSI of EFSC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .