Seacoast Banking Technical Analysis (NASDAQ:SBCF)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. Just by looking at the Seacoast Banking 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 SBCF stock chart which creates a trading signal.
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 Seacoast Banking. The technical analysis form of Seacoast Banking stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Seacoast Banking Moving Average:
Moving averages show the average price of SBCF stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $62.82 is below the last closing price of $17.02 and the 50 day moving average of $60.23 is below the $17.02 price. The 10 and 20 day periods can predict short term moving average trends.
Seacoast Banking Bollinger Bands:
Bollinger bands comprise of a center line usually SBCF SMA, and two SBCF 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 Seacoast Banking bollinger bands.
Seacoast Banking Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Seacoast Banking MACD line is above the signal line.
Seacoast Banking Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of SBCF stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .