Premier Financial Bancorp Technical Analysis (NASDAQ:PFBI)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. A PFBI stock chart pattern can give those who understand technical analysis an indication of which way PFBI stock is headed, but cannot predict with 100% certainty as to what can happen to the Premier Financial Bancorp stock price.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Premier Financial Bancorp. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking Premier Financial Bancorp stock analysis using these technical indicators helps identify trading opportunities.
Premier Financial Bancorp Moving Average:
Moving averages show the average price of PFBI stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. Moving averages can be used for PFBI trend identification. A rising moving average shows that stock prices are generally increasing.
Premier Financial Bancorp Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of Premier Financial Bancorp stock price relative to previous trades. Currently the stock price of $19.45 is in the lower range of Premier Financial Bancorp bollinger bands.
Premier Financial Bancorp Moving Average Convergence Divergence or MACD:
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Premier Financial Bancorp MACD indicator is below 0 indicating a bearish trend.
Premier Financial Bancorp 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. 46.39 is the RSI value of PFBI stock. .