Pinnacle Financial Technical Analysis (NASDAQ:PNFP)
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 PNFP stock chart pattern can give those who understand technical analysis an indication of which way PNFP stock is headed, but cannot predict with 100% certainty as to what can happen to the Pinnacle Financial stock price.
You can view Simple Moving Average (SMA 20 day, 50 day & 100 day), Exponential Moving Average (EMA 20 day, 50 day & 100 day) charts, and Bollinger Bands for Pinnacle Financial. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Pinnacle Financial stock analysis.
Pinnacle Financial Moving Average:
Moving averages help predict the price direction of PNFP stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Pinnacle Financial are mostly signals of long term trends and will help long term traders.
Pinnacle Financial Bollinger Bands:
Bollinger bands comprise of a center line usually PNFP SMA, and two PNFP stock price bands above and below it. The stock is considered over brought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the lower band in the context of Pinnacle Financial bollinger bands.
Pinnacle Financial 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 Pinnacle Financial MACD line is above the signal line.
Pinnacle Financial Relative Strength Index:
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . The relative strength index of PNFP stock is 25.24. .