Sun Bancorp Technical Analysis (NASDAQ:SNBC)
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. The SNBC stock chart pattern can give those who understand technical analysis an indication of which way SNBC stock is headed, but cannot predict with 100% certainty as to what can happen to the Sun Bancorp stock price.
See Sun Bancorp bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Sun Bancorp stock analysis that does not care for the fair value of a company but uses price and volume data only.
Sun Bancorp Moving Average
Moving averages help predict the price direction of SNBC 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 $25.25 is above the price of $24.5.
Sun Bancorp 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 SNBC stock. Sun Bancorp bollinger bands show that the stock price is $24.5, upper band is 26.25, lower band is 24.26, and the average is 25.25.
Sun Bancorp 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 Sun Bancorp MACD indicator is above 0 indicating a bullish trend.
Sun Bancorp 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. The relative strength index of SNBC stock is 26.53.