Sun Bancorp Technical Analysis (NASDAQ:SNBC)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The Sun Bancorp stock price data and volume are plotted in SNBC stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Sun Bancorp. The technical analysis form of Sun 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.
Sun Bancorp Moving Average:
Moving averages help predict the price direction of SNBC stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. Moving averages can be used for SNBC trend identification. A rising moving average shows that stock prices are generally increasing.
Sun Bancorp Bollinger Bands:
Bollinger bands comprise of a center line usually SNBC SMA, and two SNBC 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 Sun Bancorp bollinger bands.
Sun 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 Sun Bancorp MACD indicator can be used to identify bullish and bearish trends for the stock.
Sun Bancorp Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of SNBC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .