Sun Communities Technical Analysis (NYSE:SUI)
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 Sun Communities 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 SUI stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Sun Communities. The technical analysis form of Sun Communities stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Sun Communities Moving Average
Moving averages show the average price of SUI stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $96.41 is below the price of $97.28.
Sun Communities Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the SUI stock. Sun Communities bollinger bands show that the stock price is $97.28, upper band is 98.22, lower band is 94.59, and the average is 96.41.
Sun Communities 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 Sun Communities MACD line is below the signal line.
Sun Communities 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. 43.33 is the RSI value of SUI stock.