ScanSource Technical Analysis (NASDAQ:SCSC)
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 ScanSource stock price data and volume are plotted in SCSC 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 ScanSource. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of ScanSource stock analysis.
ScanSource Moving Average
Moving averages help predict the price direction of SCSC stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for ScanSource are mostly signals of long term trends and will help long term traders.
ScanSource Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like ScanSource. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. ScanSource bollinger bands show that the stock price is $41.35, upper band is 41.64, lower band is 37.75, and the average is 39.7.
ScanSource 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 ScanSource MACD line is below the signal line.
ScanSource 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. 73.68 is the RSI value of SCSC stock.