SP Bancorp Technical Analysis (NASDAQ:SPBC)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The SP Bancorp stock price data and volume are plotted in SPBC stock charts and these trading charts form the basis of technical analysis.
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 SP Bancorp. 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 SP Bancorp stock analysis.
SP Bancorp Moving Average:
SPBC 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 SP Bancorp chart patterns after the calculations remain the same. The 100 day moving average of 12.67 is below the last closing price of 29.1. The 20 day moving average of $16.17 is above the last closing price of $29.1 and the 50 day moving average of $15.84 is below the $29.1 price. The 10 and 20 day periods can predict short term moving average trends.
SP Bancorp Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of SP Bancorp stock price relative to previous trades. The stock price is trading between the average and the upper band in the context of SP Bancorp bollinger bands.
SP 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 SP Bancorp MACD indicator is below 0 indicating a bearish trend.
SP 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 . If the RSI of SPBC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .