Shore Bancshares Technical Analysis (NASDAQ:SHBI)
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 Shore Bancshares stock price data and volume are plotted in SHBI 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 Shore Bancshares. The technical analysis form of Shore Bancshares stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Shore Bancshares Moving Average:
SHBI stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of Shore Bancshares chart patterns after the calculations remain the same. The 100 day moving average of 16.63 is above the last closing price of 16.53. Moving averages can be used for SHBI trend identification. A rising moving average shows that stock prices are generally increasing.
Shore Bancshares Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of Shore Bancshares stock price relative to previous trades. Currently the stock price of $16.53 is in the upper range of Shore Bancshares bollinger bands.
Shore Bancshares 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 Shore Bancshares MACD indicator is below 0 indicating a bearish trend.
Shore Bancshares 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. If the RSI of SHBI stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .