Summit State Bank Technical Analysis (NASDAQ:SSBI)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. A SSBI stock chart pattern can give those who understand technical analysis an indication of which way SSBI stock is headed, but cannot predict with 100% certainty as to what can happen to the Summit State Bank stock price.
See Summit State Bank bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking Summit State Bank stock analysis using these technical indicators helps identify trading opportunities.
Summit State Bank Moving Average:
Moving averages show the SSBI stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). The 20 day moving average of $2.42 is above the last closing price of $15.4 and the 50 day moving average of $2.27 is below the $15.4 price. The 10 and 20 day periods can predict short term moving average trends.
Summit State Bank Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of Summit State Bank stock price relative to previous trades. Summit State Bank bollinger bands show that the stock price is $15.4, upper band is 21.79, lower band is 14.68, and the average is 18.24.
Summit State Bank 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 Summit State Bank MACD indicator can be used to identify bullish and bearish trends for the stock.
Summit State Bank Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. If the RSI of SSBI stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .