Pan American Silver Technical Analysis (NASDAQ:PAAS)
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. When a chart pattern that can predict future Pan American Silver stock price movements is formed, the PAAS stock chart can become a key tool for a technical analyst.
See Pan American Silver bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. 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 Pan American Silver stock analysis.
Pan American Silver Moving Average:
Moving averages help predict the price direction of PAAS stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $16.87 is below the price of $17.52.
Pan American Silver Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of Pan American Silver stock price relative to previous trades. Pan American Silver bollinger bands show that the stock price is $17.52, upper band is 29.46, lower band is 25.37, and the average is 27.41.
Pan American Silver 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 Pan American Silver MACD indicator is below 0 indicating a bearish trend.
Pan American Silver Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 59.13 is the RSI value of PAAS stock. .