Scana Technical Analysis (NYSE:SCG)
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. The Scana stock price data and volume are plotted in SCG stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Scana. Technical analysis uses an approach for Scana stock analysis that does not care for the fair value of a company but uses price and volume data only.
Scana Moving Average
Moving averages help predict the price direction of SCG stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $39.55 is above the price of $38.5.
Scana 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 SCG stock. The stock price is trading between the average and the lower band in the context of Scana bollinger bands.
Scana 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 Scana MACD indicator is above 0 indicating a bullish trend.
Scana Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of SCG stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.