Stage Stores Technical Analysis (NYSE:SSI)
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. Just by looking at the Stage Stores 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 SSI stock chart which creates a trading signal.
See Stage Stores bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. 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 Stage Stores stock analysis.
Stage Stores Moving Average
Moving averages show the average price of SSI stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $2.63 is below the last closing price of $2.7 and the 50 day moving average of $2.21 is below the last closing price of $2.7. The 10 and 20 day periods can predict short term moving average trends.
Stage Stores Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Stage Stores. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the upper band in the context of Stage Stores bollinger bands.
Stage Stores 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 Stage Stores MACD indicator is below 0 indicating a bearish trend.
Stage Stores 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. 71.67 is the RSI value of SSI stock.