SunTrust Banks Technical Analysis (NYSE:STI)
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 STI stock chart pattern can give those who understand technical analysis an indication of which way STI stock is headed, but cannot predict with 100% certainty as to what can happen to the SunTrust Banks stock price.
See SunTrust Banks bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for SunTrust Banks stock analysis that does not care for the fair value of a company but uses price and volume data only.
SunTrust Banks Moving Average
Moving averages show the STI 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 $72.37 is below the price of $73.55.
SunTrust Banks Bollinger Bands
Bollinger bands comprise of a center line usually STI SMA, and two STI 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 $73.55 is in the upper range of SunTrust Banks bollinger bands.
SunTrust Banks 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 SunTrust Banks MACD indicator can be used to identify bullish and bearish trends for the stock.
SunTrust Banks Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 56.34 is the RSI value of STI stock.