Scripps Networks Interactive Technical Analysis (NASDAQ:SNI)
Technical chart patterns are studied in depth by people who strongly believe in technical analysis. These type of investors who look at trading charts or technical stock charts are usually traders rather than value investors. Just by looking at the Scripps Networks Interactive 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 SNI stock chart which creates a trading signal.
See Scripps Networks Interactive bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking Scripps Networks Interactive stock analysis using these technical indicators helps identify trading opportunities.
Scripps Networks Interactive Moving Average:
Moving averages show the SNI stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). A rise in trend over the long term indicates a long term uptrend. Similarly a falling SNI moving average implies that Scripps Networks Interactive stock price is falling.
Scripps Networks Interactive 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 SNI stock. Currently the stock price of $85.75 is in the lower range of Scripps Networks Interactive bollinger bands.
Scripps Networks Interactive 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 Scripps Networks Interactive MACD indicator can be used to identify bullish and bearish trends for the stock.
Scripps Networks Interactive Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of SNI stock is 54.3. .