State Auto Financial Technical Analysis (NASDAQ:STFC)
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 State Auto Financial 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 STFC stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for State Auto Financial. Technical analysis uses an approach for State Auto Financial stock analysis that does not care for the fair value of a company but uses price and volume data only.
State Auto Financial Moving Average
Moving averages show the STFC 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. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $28.69 is below the price of $29.99.
State Auto Financial Bollinger Bands
Bollinger bands comprise of a center line usually STFC SMA, and two STFC 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. Currently the stock price of $29.99 is in the upper range of State Auto Financial bollinger bands.
State Auto Financial Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The State Auto Financial MACD indicator can be used to identify bullish and bearish trends for the stock.
State Auto Financial 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 STFC stock is 77.6.