Southcoast Financial Technical Analysis (NASDAQ:SOCB)
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. Just by looking at the Southcoast Financial 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 SOCB stock chart which creates a trading signal.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Southcoast Financial. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking Southcoast Financial stock analysis using these technical indicators helps identify trading opportunities.
Southcoast Financial Moving Average:
SOCB 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 Southcoast Financial chart patterns after the calculations remain the same. The 100 day moving average of 67.5 is below the last closing price of 14.02. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Southcoast Financial are mostly signals of long term trends and will help long term traders.
Southcoast Financial Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Southcoast Financial. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Southcoast Financial bollinger bands show that the stock price is $14.02, upper band is 82.14, lower band is 76.12, and the average is 79.13.
Southcoast Financial 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 Southcoast Financial MACD indicator can be used to identify bullish and bearish trends for the stock.
Southcoast Financial 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 SOCB stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .