MutualFirst Financial Technical Analysis (NASDAQ:MFSF)
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. The MutualFirst Financial stock price data and volume are plotted in MFSF 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 MutualFirst Financial. Technical analysis uses an approach for MutualFirst Financial stock analysis that does not care for the fair value of a company but uses price and volume data only.
MutualFirst Financial Moving Average
Moving averages show the average price of MFSF stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $36.57 is below the last closing price of $37.7 and the 50 day moving average of $36.14 is below the last closing price of $37.7. The 10 and 20 day periods can predict short term moving average trends.
MutualFirst Financial Bollinger Bands
Bollinger bands comprise of a center line usually MFSF SMA, and two MFSF 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 MutualFirst Financial bollinger bands.
MutualFirst Financial 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 MutualFirst Financial MACD line is below the signal line.
MutualFirst 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. The relative strength index of MFSF stock is 80.85.