Peoples Financial Technical Analysis (NASDAQ:PFBX)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. A PFBX stock chart pattern can give those who understand technical analysis an indication of which way PFBX stock is headed, but cannot predict with 100% certainty as to what can happen to the Peoples Financial stock price.
See Peoples Financial bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. The technical analysis form of Peoples Financial stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Peoples Financial Moving Average:
Moving averages help predict the price direction of PFBX stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $27.43 is below the last closing price of $15.85 and the 50 day moving average of $27.92 is below the $15.85 price. The 10 and 20 day periods can predict short term moving average trends.
Peoples Financial Bollinger Bands:
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the PFBX stock. Currently the stock price of $15.85 is in the lower range of Peoples Financial bollinger bands.
Peoples Financial 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 Peoples Financial MACD line is below the signal line.
Peoples Financial Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of PFBX stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .