Boston Beer Technical Analysis (NYSE:SAM)
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 Boston Beer 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 SAM stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Boston Beer. The technical analysis form of Boston Beer stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Boston Beer Moving Average
Moving averages help predict the price direction of SAM stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Boston Beer are mostly signals of long term trends and will help long term traders.
Boston Beer Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the SAM stock. Boston Beer bollinger bands show that the stock price is $218.2, upper band is 234.06, lower band is 182.59, and the average is 208.32.
Boston Beer 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 Boston Beer MACD line is below the signal line.
Boston Beer Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 66.96 is the RSI value of SAM stock.