Southern National Bancorp Technical Analysis (NASDAQ:SONA)
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 National Bancorp stock price movements is formed, the SONA 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 National Bancorp. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking Southern National Bancorp stock analysis using these technical indicators helps identify trading opportunities.
Southern National Bancorp Moving Average:
Moving averages help predict the price direction of SONA stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. One needs to choose the duration of a moving average depending on the investment objective and investment horizon. For periods greater than 100, it takes a larger and longer SONA stock price movement for the moving average to change course.
Southern National Bancorp Bollinger Bands:
Bollinger bands comprise of a center line usually SONA SMA, and two SONA 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 $15.14 is in the lower range of Southern National Bancorp bollinger bands.
Southern National Bancorp 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 Southern National Bancorp MACD line is above the signal line.
Southern National Bancorp 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 SONA stock is 42.25. .