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State Bank of India

Check the daily chart of State Bank of India. The closing price of 2021-09-07 was INR 428.95 per share.

State Bank of India Daily Candlestick Chart

1. Trend Indicators

1.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

State Bank of India Daily Moving Averages ChartState Bank of India Daily Moving Averages Chart
1.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Let's take a look of the Moving Average Convergence/Divergence (MACD) of State Bank of India:

  • The Moving Average Convergence/Divergence (MACD) is 0.422. The Moving Average Convergence/Divergence (MACD) above zero is a bullish sign. +1
  • The MACD is higher than the signal line. This is a bullish indication. +1
State Bank of India Daily Moving Average Convergence/Divergence (MACD) ChartState Bank of India Daily Moving Average Convergence/Divergence (MACD) Chart
1.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index).

The ADX helps you determine the strength of a trend. Let's take a look of the ADX of State Bank of India:

  • The ADX is 14.020. Not trending. -2
  • The ADX is declining, there is no upcoming trend indication. -1
  • The +DI is higher than the -DI. The current trend is up. +2
State Bank of India Daily Directional Movement Index (DMI) ChartState Bank of India Daily Directional Movement Index (DMI) Chart
1.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..
  • The Parabolic SAR is lower than the price. The current trend is up. +2
  • State Bank of India Daily Parabolic SAR ChartState Bank of India Daily Parabolic SAR Chart

    2. Momentum Indicators

    2.1 Relative Strength Index (RSI)

    Measures the speed and change of price movements.

    • Leading momentum indicator, meaning the signals are instant.
    • Ranges between 0 and 100.
    • Above 70 is considered overbought.
    • Below 30 is considered oversold.
    • Above or below 50 can also be used to determine price trend or support and resistance.
    • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
    • Can be used in many different ways
    • The RSI is above 50. +1
    State Bank of India Daily Relative Strength Index (RSI) ChartState Bank of India Daily Relative Strength Index (RSI) Chart
    2.2 Stochastic Oscillator

    Compares a certain price to multiple prices ranging over time.

    • Leading momentum indicator, meaning the signals are instant.
    • Used to determine overbought and oversold areas much like the RSI.
    • Ranges between 0 and 100.
    • Above 80 is considered overbought.
    • Below 20 is considered oversold.
    • Consists of two lines named K and D.
    • K compares the highest high and lowest low on the selected price range.
    • The D line is a moving average of the K line.
    • Can be used to spot divergences
    • The Stochastic is above 50. +1
    • The Stochastic is above 70 and overbought. +2
    State Bank of India Daily Stochastic Oscillator ChartState Bank of India Daily Stochastic Oscillator Chart
    2.3 Commodity Channel Index (CCI)
    State Bank of India Daily Commodity Channel Index (CCI) ChartState Bank of India Daily Commodity Channel Index (CCI) Chart
    2.4 Chande Momentum Oscillator (CMO)
    State Bank of India Daily Chande Momentum Oscillator (CMO) ChartState Bank of India Daily Chande Momentum Oscillator (CMO) Chart
    2.5 Williams %R
    State Bank of India Daily Williams %R ChartState Bank of India Daily Williams %R Chart

    3. Volatility Indicators

    3.1 Bollinger Bands
    State Bank of India Daily Bollinger Bands ChartState Bank of India Daily Bollinger Bands Chart
    3.2 Average True Range (ATR)
    State Bank of India Daily Average True Range (ATR) ChartState Bank of India Daily Average True Range (ATR) Chart

    4. Volume Indicators

    4.1 On-Balance Volume (OBV)
    State Bank of India Daily On-Balance Volume (OBV) ChartState Bank of India Daily On-Balance Volume (OBV) Chart
    4.2 Money Flow Index (MFI)
    State Bank of India Daily Money Flow Index (MFI) ChartState Bank of India Daily Money Flow Index (MFI) Chart

    5. Summary

    5.1. Notifications

    TypeNotificationDate
    PenkeCurrently no notifications for State Bank of India.

    5.2. Trading Signals

    DateIndicatorEntry signalExit signal
    2021-08-27CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
    ATR SHORT ENTRY LONG CLOSE
    2021-08-30DMI SHORT ENTRY LONG CLOSE
    SAR SHORT ENTRY LONG CLOSEprice crossed sar to downside
    2021-08-31MACD LONG ENTRY SHORT CLOSE
    STOCH SHORT ENTRY LONG CLOSE80 crossover to downside

    5.2. Technical Score

    Let's check the technical score of State Bank of India based on Penke's default Symbol scanner.

    Penke's Symbol Scanner

      
      
    IndicatorConditionValue
    RsiGreater than5053.351
    Ma 20Greater thanMa 50422.575
    Ma 50Greater thanMa 100427.135
    Ma 100Greater thanMa 200409.247
    OpenGreater thanClose432.000
    Total4/5 (80.0%)

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