PBF Energy Technical Analysis (NYSE:PBF)
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. The PBF Energy stock price data and volume are plotted in PBF stock charts and these trading charts form the basis of technical analysis.
See PBF Energy bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of PBF Energy stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
PBF Energy Moving Average
Moving averages show the PBF stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $47.37 is above the last closing price of $44.46 and the 50 day moving average of $43.1 is below the last closing price of $44.46. The 10 and 20 day periods can predict short term moving average trends.
PBF Energy 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 PBF stock. PBF Energy bollinger bands show that the stock price is $44.46, upper band is 50.92, lower band is 43.82, and the average is 47.37.
PBF Energy 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 PBF Energy MACD line is above the signal line.
PBF Energy Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of PBF stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.