The Moving Averages are Saying Strong Sell Southern First Bancshares, Inc. (NASDAQ:SFST)’s Shares

Southern First Bancshares, Inc. (NASDAQ:SFST) has returned -4.9972987 after closing at $—  in the recent session.  The stock is looking to return closer to the 52-week high of $48.75.

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Taking a look at some key pivot levels we note that the one month Pivot Woodie support stands at 37.585 while 1-month resistance level is at 38.755.  On the other hand shares would see support at the 1-month pivot woodie of 37.585 and resistance at 38.755.  One of the key differences in calculating Woodie’s Pivot Point to other pivot points is that the current session’s open price is used in the PP formula with the previous session’s high and low.

Southern First Bancshares, Inc. (NASDAQ:SFST) ran -2.3875625 after opening at $35.63.  1500 shares traded hands for the 277448060 market cap company.  Southern First Bancshares, Inc. (NASDAQ:SFST) is a “Strong Sell” according to the social consensus. 

Diving into some additional pivot points we note that the Fibonacci S1 stands at 37.289726 while the R1 resistance number is 38.183605.  The S1 Camarilla pivot is 37.89275 while the R1 resistance is 38.10725.  The Demark Pivot is as follows: R1 resistance is 38.68 while S1 support is 37.51.

Southern First Bancshares, Inc. (NASDAQ:SFST) shares hit a high of 38.19 within the past month while touching a low point of 35.16 over the past 30 days. 

Turning to simple moving averages, Southern First Bancshares, Inc., the below chart outlines the current numbers:

10-Day Simple Moving Average: 37.3245 
20-Day Simple Moving Average: 37.28145 
30-Day Simple Moving Average: 37.196632 
50-Day Simple Moving Average: 36.990353 
100-Day Simple Moving Average: 37.40396 
200-Day Simple Moving Average: 40.140053

Consensus Rating: Strong Sell

Turning to Bollinger Bands, the upper 20 band holds at 38.62681 while the lower is currently 35.936092.  The average volume over the past 3 months is 11037.111 compared to the 10-day average of 7009.6.

Other moving averages that have been taken into consideration in order to try to figure out the potential direction of the shares include the Hull Moving Average.  The Hull MA currently reads 36.03537.  The Positive Directional Indicator is at 19.869574.  The volume weighted moving average stands at 37.143578.  Putting all the pieces together the moving average signal for Southern First Bancshares, Inc. (NASDAQ:SFST) is a consensus “Strong Sell” signal.

Changing lanes over to oscillators, we see that the Aroon Up oscillator is currently 64.28571 while the Aroon Down shows 100.  These are useful in determining if a reversal might be in the near future.  Given the Ultimate Oscillator number of 23.476812 and Parabolic SAR number of 38.0688, combined with other variables, Southern First Bancshares, Inc. (NASDAQ:SFST) has been given a consensus oscillator rating of “Sell”. 

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Investors will be closely watching to see if the firm can move towards the $48.75 time high as the Bull Bear Power number stands at -2.7441099.