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.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Shore Bancshares. Technical analysis uses an approach for Shore Bancshares stock analysis that does not care for the fair value of a company but uses price and volume data only.
Shore Bancshares Moving Average
Moving averages show the SHBI 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. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Shore Bancshares are mostly signals of long term trends and will help long term traders.
Shore Bancshares Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Shore Bancshares. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $19.79 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 can be used to identify bullish and bearish trends for the stock.
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.