Sandy Spring Bancorp Technical Analysis (NASDAQ:SASR)
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. Just by looking at the Sandy Spring 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 SASR stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Sandy Spring Bancorp. Technical analysis uses an approach for Sandy Spring Bancorp stock analysis that does not care for the fair value of a company but uses price and volume data only.
Sandy Spring Bancorp Moving Average
Moving averages show the SASR stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $42.3 is above the last closing price of $41.99 and the 50 day moving average of $40.94 is below the last closing price of $41.99. The 10 and 20 day periods can predict short term moving average trends.
Sandy Spring Bancorp 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 SASR stock. Sandy Spring Bancorp bollinger bands show that the stock price is $41.99, upper band is 43.53, lower band is 41.07, and the average is 42.3.
Sandy Spring Bancorp 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 Sandy Spring Bancorp MACD indicator is below 0 indicating a bearish trend.
Sandy Spring 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 SASR stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.