1st Source Technical Analysis (NASDAQ:SRCE)
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. Just by looking at the 1st Source 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 SRCE stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for 1st Source. 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 1st Source stock analysis.
1st Source Moving Average
Moving averages show the SRCE stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $51.26 is below the last closing price of $53.52 and the 50 day moving average of $51.3 is below the last closing price of $53.52. The 10 and 20 day periods can predict short term moving average trends.
1st Source Bollinger Bands
Bollinger bands comprise of a center line usually SRCE SMA, and two SRCE 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. The stock price is trading between the average and the upper band in the context of 1st Source bollinger bands.
1st Source 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 1st Source MACD line is below the signal line.
1st Source 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 SRCE stock is 63.63.