Source Capital Technical Analysis (NYSE:SOR)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical Charts or trading charts. The Source Capital Price data and volume are plotted in SOR Charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Source Capital. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use Price movements for this form of Source Capital Analysis.
Source Capital Moving Average
Moving averages show the SOR Price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $40 is below the price of $40.22.
Source Capital Bollinger Bands
Bollinger bands comprise of a center line usually SOR SMA, and two SOR 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 Price moves closer towards the lower band. Currently the Price of $40.22 is in the upper range of Source Capital bollinger bands.
Source Capital 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 Prices will go up. The Source Capital MACD indicator is above 0 indicating a bullish trend.
Source Capital Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in Price movements . 74.29 is the RSI value of SOR stock.