Sunstone Hotel Investors Technical Analysis (NYSE:SHO)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. Just by looking at the Sunstone Hotel Investors 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 SHO stock chart which creates a trading signal.
See Sunstone Hotel Investors bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. 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 Sunstone Hotel Investors stock analysis.
Sunstone Hotel Investors Moving Average
Moving averages help predict the price direction of SHO 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 $16.59 is below the price of $16.59.
Sunstone Hotel Investors 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 SHO stock. The stock price is trading between the average and the lower band in the context of Sunstone Hotel Investors bollinger bands.
Sunstone Hotel Investors 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 Sunstone Hotel Investors MACD indicator is below 0 indicating a bearish trend.
Sunstone Hotel Investors Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 50.69 is the RSI value of SHO stock.