Safe Bulkers Technical Analysis (NYSE:SB)
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. The Safe Bulkers stock price data and volume are plotted in SB stock charts and these trading charts form the basis of technical analysis.
See Safe Bulkers bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Safe Bulkers stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Safe Bulkers Moving Average
Moving averages show the SB 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 $2.75 is above the last closing price of $2.74 and the 50 day moving average of $3.07 is above the last closing price of $2.74. The 10 and 20 day periods can predict short term moving average trends.
Safe Bulkers Bollinger Bands
Bollinger bands comprise of a center line usually SB SMA, and two SB 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. Safe Bulkers bollinger bands show that the stock price is $2.74, upper band is 3.13, lower band is 2.38, and the average is 2.75.
Safe Bulkers 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 Safe Bulkers MACD line is below the signal line.
Safe Bulkers Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of SB stock is 42.67.