First Savings Financial Technical Analysis (NASDAQ:FSFG)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the First Savings Financial 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 FSFG stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for First Savings Financial. Technical analysis uses an approach for First Savings Financial stock analysis that does not care for the fair value of a company but uses price and volume data only.
First Savings Financial Moving Average
Moving averages help predict the price direction of FSFG stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $69.91 is below the price of $71.66.
First Savings Financial Bollinger Bands
Bollinger bands comprise of a center line usually FSFG SMA, and two FSFG stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the upper band in the context of First Savings Financial bollinger bands.
First Savings Financial Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The First Savings Financial MACD indicator is below 0 indicating a bearish trend.
First Savings Financial Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. If the RSI of FSFG stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.