Signature Bank Technical Analysis (NASDAQ:SBNY)
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 SBNY stock chart pattern can give those who understand technical analysis an indication of which way SBNY stock is headed, but cannot predict with 100% certainty as to what can happen to the Signature Bank stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Signature Bank. Technical analysis uses an approach for Signature Bank stock analysis that does not care for the fair value of a company but uses price and volume data only.
Signature Bank Moving Average
Moving averages show the SBNY 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. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $129.02 is below the price of $132.75.
Signature Bank Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Signature Bank. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $132.75 is in the upper range of Signature Bank bollinger bands.
Signature Bank 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 Signature Bank MACD indicator is below 0 indicating a bearish trend.
Signature Bank Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of SBNY stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.