Sterling Bancorp Technical Analysis (NYSE:STL)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. Just by looking at the Sterling Bancorp 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 STL stock chart which creates a trading signal.
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 Sterling Bancorp. Technical analysis uses an approach for Sterling Bancorp stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
Sterling Bancorp Moving Average:
Moving averages show the STL stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). A key factor that impacts moving averages is the lag factor. The 20 day moving average of $18.33 is below the price of $22.9.
Sterling Bancorp Bollinger Bands:
Bollinger bands comprise of a center line usually STL SMA, and two STL 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. Sterling Bancorp bollinger bands show that the stock price is $22.9, upper band is 14.7, lower band is 12.61, and the average is 13.66.
Sterling Bancorp 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 Sterling Bancorp MACD indicator is below 0 indicating a bearish trend.
Sterling 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 STL stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .