MainSource Financial Technical Analysis (NASDAQ:MSFG)

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$25.39 $0.45 (1.74%) MSFG stock closing price Oct 26, 2016 (Closing)

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. When a chart pattern that can predict future MainSource Financial stock price movements is formed, the MSFG stock chart can become a key tool for a technical analyst.

View technical indicators like moving averages (SMA and EMA), and bollinger bands for MainSource Financial. 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 MainSource Financial stock analysis.

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MainSource Financial Moving Average:

MSFG stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of MainSource Financial chart patterns after the calculations remain the same. The 100 day moving average of 29.62 is above the last closing price of 25.39. One needs to choose the duration of a moving average depending on the investment objective and investment horizon. For periods greater than 100, it takes a larger and longer MSFG stock price movement for the moving average to change course.  

MainSource Financial Bollinger Bands:

Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the MSFG stock. The stock price is trading between the average and the lower band in the context of MainSource Financial bollinger bands.

MainSource Financial 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 MainSource Financial MACD indicator can be used to identify bullish and bearish trends for the stock.

MainSource Financial Relative Strength Index:

The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements.   If the RSI of MSFG stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .

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