Southern First Bancshares Technical Analysis (NASDAQ:SFST)
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. When a chart pattern that can predict future Southern First Bancshares stock price movements is formed, the SFST stock chart can become a key tool for a technical analyst.
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 Southern First Bancshares. 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 Southern First Bancshares stock analysis.
Southern First Bancshares Moving Average:
Moving averages show the average price of SFST stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. Moving averages can be used for SFST trend identification. A rising moving average shows that stock prices are generally increasing.
Southern First Bancshares Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Southern First Bancshares. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Southern First Bancshares bollinger bands show that the stock price is $32.65, upper band is 13.68, lower band is 13.11, and the average is 14.26.
Southern First Bancshares 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 Southern First Bancshares MACD line is below the signal line.
Southern First Bancshares 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 . The relative strength index of SFST stock is 43.53. .