South State Technical Analysis (NASDAQ:SSB)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The South State stock price data and volume are plotted in SSB stock charts and these trading charts form the basis of technical analysis.
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 South State. 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 South State stock analysis.
South State Moving Average:
SSB stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of South State chart patterns after the calculations remain the same. The 100 day moving average of 88.01 is below the last closing price of 90.2. Moving averages can be used for SSB trend identification. A rising moving average shows that stock prices are generally increasing.
South State Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of South State stock price relative to previous trades. The stock price is trading between the average and the lower band in the context of South State bollinger bands.
South State 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 South State MACD line is above the signal line.
South State 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 SSB stock is 53.26. .