Why Southern First Bancshares, Inc. (NASDAQ:SFST) Is Doing What It’s Doing (2020-01-02)

REPORTING FOR 2020-01-02 | WCX19.ORG: We have done an in-depth analysis of how SFST has been trading over the last 2 weeks and the past day especially. On its latest session, Southern First Bancshares, Inc. (NASDAQ:SFST) opened at 42.49, reaching a high of 42.9742 and a low of 42.33 before closing at a price of 42.49. There was a total volume of 15138.

VOLUME INDICATORS FOR SOUTHERN FIRST BANCSHARES, INC. (NASDAQ:SFST): We saw an accumulation-distribution index of 130.1925, an on-balance volume of -42.45, chaikin money flow of 1.66088 and a force index of 0.0945. There was an ease of movement rating of 3e-05, a volume-price trend of 2.1429 and a negative volume index of 1000.0.

VOLATILITY INDICATORS FOR SOUTHERN FIRST BANCSHARES, INC. (NASDAQ:SFST): We noted an average true range of 0.48173, bolinger bands of 42.49456, an upper bollinger band of 41.98544, lower bollinger band of 42.33, a bollinger high band indicator of nan, bollinger low band indicator of 1.0, a central keltner channel of 42.59807, high band keltner channel of 42.11387, low band keltner channel of 43.08227, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 42.33, a donchian channel low band of 42.33, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.

TREND INDICATORS FOR SOUTHERN FIRST BANCSHARES, INC. (NASDAQ:SFST): We calculated a Moving Average Convergence Divergence (MACD) of -0.00404, a MACD signal of -0.00224, a MACD difference of -0.00179, a fast Exponential Moving Average (EMA) indicator of 42.33, a slow Exponential Moving Average (EMA) indicator of 42.33, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.23141, a trix of 2.68008, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of 66.66667, a Detrended Price Oscillator (DPO) of -2.04749, a KST Oscillator (KST) of 50.82829 and a KST Oscillator (KST Signal) of 50.82829 (leaving a KST difference of -1.11711). We also found an Ichimoku rating of 42.7321, an Ichimoku B rating of 42.7321, a Ichimoku visual trend A of 41.3251, an Ichimoku visual trend B of 41.92083, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of -4.0.

MOMENTUM INDICATORS FOR SOUTHERN FIRST BANCSHARES, INC. (NASDAQ:SFST): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 100.0, a True Strength Index (TSI) of 100.0, an ultimate oscillator of 92.75195, a stochastic oscillator of 133.0442, a stochastic oscillator signal of 133.0442, a Williams %R rating of 33.0442 and an awesome oscillator of 0.0109.

RETURNS FOR SOUTHERN FIRST BANCSHARES, INC. (NASDAQ:SFST): There was a daily return of 5.08283, a daily log return of -0.42614 and a cumulative return of -0.42523.

What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2020-01-02 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for Southern First Bancshares, Inc. (NASDAQ:SFST)…

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling Southern First Bancshares, Inc. (NASDAQ:SFST) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.