PACCAR Technical Analysis (NASDAQ:PCAR)
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. Just by looking at the PACCAR 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 PCAR stock chart which creates a trading signal.
See PACCAR bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis uses an approach for PACCAR stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
PACCAR Moving Average:
Moving averages show the PCAR stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). A rise in trend over the long term indicates a long term uptrend. Similarly a falling PCAR moving average implies that PACCAR stock price is falling.
PACCAR Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like PACCAR. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. PACCAR bollinger bands show that the stock price is $54.8, upper band is 11.31, lower band is 10.75, and the average is 11.03.
PACCAR 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 PACCAR MACD line is below the signal line.
PACCAR 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. The relative strength index of PCAR stock is 41.5. .