Pangaea Logistics Technical Analysis (NASDAQ:PANL)
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. The Pangaea Logistics stock price data and volume are plotted in PANL stock charts and these trading charts form the basis of technical analysis.
See Pangaea Logistics 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 Pangaea Logistics stock analysis.
Pangaea Logistics Moving Average
Moving averages help predict the price direction of PANL 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 Pangaea Logistics are mostly signals of long term trends and will help long term traders.
Pangaea Logistics Bollinger Bands
Bollinger bands comprise of a center line usually PANL SMA, and two PANL stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Pangaea Logistics bollinger bands show that the stock price is $3.15, upper band is 3.43, lower band is 3.05, and the average is 3.24.
Pangaea Logistics Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Pangaea Logistics MACD indicator is below 0 indicating a bearish trend.
Pangaea Logistics 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. 46.7 is the RSI value of PANL stock.