Suffolk Bancorp Technical Analysis (NYSE:SCNB)
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 Suffolk Bancorp stock price data and volume are plotted in SCNB stock charts and these trading charts form the basis of technical analysis.
See Suffolk Bancorp bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. The technical analysis form of Suffolk Bancorp stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Suffolk Bancorp Moving Average:
SCNB 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 Suffolk Bancorp chart patterns after the calculations remain the same. The 100 day moving average of 158.57 is below the last closing price of 42.59. Moving averages can be used for SCNB trend identification. A rising moving average shows that stock prices are generally increasing.
Suffolk Bancorp Bollinger Bands:
Bollinger bands comprise of a center line usually SCNB SMA, and two SCNB 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. Currently the stock price of $42.59 is in the lower range of Suffolk Bancorp bollinger bands.
Suffolk 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 Suffolk Bancorp MACD line is below the signal line.
Suffolk Bancorp Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. The relative strength index of SCNB stock is 73.3. .