PBF Energy Technical Analysis (NYSE:PBF)
Technical chart patterns are studied in depth by people who strongly believe in technical analysis. These type of investors who look at trading charts or technical stock charts are usually traders rather than value investors. A PBF stock chart pattern can give those who understand technical analysis an indication of which way PBF stock is headed, but cannot predict with 100% certainty as to what can happen to the PBF Energy stock price.
See PBF Energy bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis uses an approach for PBF Energy stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
PBF Energy Moving Average:
PBF stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of PBF Energy chart patterns after the calculations remain the same. The 100 day moving average of 22.12 is below the last closing price of 25.82. The 20 day moving average of $23.72 is below the last closing price of $25.82 and the 50 day moving average of $22.67 is below the $25.82 price. The 10 and 20 day periods can predict short term moving average trends.
PBF Energy Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of PBF Energy stock price relative to previous trades. The stock price is trading between the average and the upper band in the context of PBF Energy bollinger bands.
PBF Energy 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 PBF Energy MACD indicator is above 0 indicating a bullish trend.
PBF Energy Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 70.72 is the RSI value of PBF stock. .