Sandy Spring Bancorp Technical Analysis (NASDAQ:SASR)
Technical chart patterns are studied in depth by people who strongly believe in technical analysis. These type of investors who look at trading charts or technical stock charts are usually traders rather than value investors. The Sandy Spring Bancorp stock price data and volume are plotted in SASR stock charts and these trading charts form the basis of technical analysis.
See Sandy Spring Bancorp bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis uses an approach for Sandy Spring Bancorp stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
Sandy Spring Bancorp Moving Average:
SASR 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 Sandy Spring Bancorp chart patterns after the calculations remain the same. The 100 day moving average of 67.99 is below the last closing price of 43.47. The 20 day moving average of $74.17 is below the last closing price of $43.47 and the 50 day moving average of $70.57 is below the $43.47 price. The 10 and 20 day periods can predict short term moving average trends.
Sandy Spring Bancorp 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 SASR stock. Sandy Spring Bancorp bollinger bands show that the stock price is $43.47, upper band is 82.14, lower band is 76.12, and the average is 79.13.
Sandy Spring Bancorp Moving Average Convergence Divergence or MACD:
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Sandy Spring Bancorp MACD indicator can be used to identify bullish and bearish trends for the stock.
Sandy Spring Bancorp 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 SASR stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .