SunTrust Banks Technical Analysis (NYSE:STI)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. A STI stock chart pattern can give those who understand technical analysis an indication of which way STI stock is headed, but cannot predict with 100% certainty as to what can happen to the SunTrust Banks stock price.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for SunTrust Banks. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking SunTrust Banks stock analysis using these technical indicators helps identify trading opportunities.
SunTrust Banks Moving Average:
Moving averages show the average price of STI stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $19.31 is above the price of $54.36.
SunTrust Banks Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like SunTrust Banks. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the lower band in the context of SunTrust Banks bollinger bands.
SunTrust Banks 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 SunTrust Banks MACD indicator is below 0 indicating a bearish trend.
SunTrust Banks Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of STI stock is 25.76. .