SI Financial Technical Analysis (NASDAQ:SIFI)
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. Just by looking at the SI Financial 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 SIFI stock chart which creates a trading signal.
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 SI Financial. The technical analysis form of SI Financial stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
SI Financial Moving Average
Moving averages help predict the price direction of SIFI 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 SI Financial are mostly signals of long term trends and will help long term traders.
SI Financial Bollinger Bands
Bollinger bands comprise of a center line usually SIFI SMA, and two SIFI stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $14.7 is in the lower range of SI Financial bollinger bands.
SI Financial 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 SI Financial MACD indicator is below 0 indicating a bearish trend.
SI Financial 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 SIFI stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.