Sound Financial Bancorp Technical Analysis (NASDAQ:SFBC)
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 Sound Financial 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 SFBC stock chart which creates a trading signal.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Sound Financial Bancorp. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking Sound Financial Bancorp stock analysis using these technical indicators helps identify trading opportunities.
Sound Financial Bancorp Moving Average:
Moving averages help predict the price direction of SFBC stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $30.74 is below the last closing price of $33.15 and the 50 day moving average of $30.2 is below the $33.15 price. The 10 and 20 day periods can predict short term moving average trends.
Sound Financial Bancorp Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Sound Financial Bancorp. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the lower band in the context of Sound Financial Bancorp bollinger bands.
Sound Financial Bancorp 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 Sound Financial Bancorp MACD indicator is below 0 indicating a bearish trend.
Sound Financial 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 . 75.09 is the RSI value of SFBC stock. .