Boston Beer Technical Analysis (NYSE:SAM)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. 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. Technical analysis uses an approach for Boston Beer stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
Boston Beer Moving Average:
SAM stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of Boston Beer chart patterns after the calculations remain the same. The 100 day moving average of 142.59 is below the last closing price of 154.25. The 20 day moving average of $151.25 is below the last closing price of $154.25 and the 50 day moving average of $147.03 is below the $154.25 price. The 10 and 20 day periods can predict short term moving average trends.
Boston Beer Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Boston Beer. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $154.25 is in the lower range of Boston Beer bollinger bands.
Boston Beer 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 Boston Beer MACD indicator is above 0 indicating a bullish trend.
Boston Beer 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 SAM stock is 70.07. .