PBF Logistics Technical Analysis (NYSE:PBFX)
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 Logistics stock price data and volume are plotted in PBFX stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for PBF Logistics. Technical analysis uses an approach for PBF Logistics stock analysis that does not care for the fair value of a company but uses price and volume data only.
PBF Logistics Moving Average
Moving averages help predict the price direction of PBFX 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 PBF Logistics are mostly signals of long term trends and will help long term traders.
PBF Logistics Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like PBF Logistics. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. PBF Logistics bollinger bands show that the stock price is $21.55, upper band is 22.76, lower band is 20.51, and the average is 21.63.
PBF Logistics Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The PBF Logistics MACD indicator can be used to identify bullish and bearish trends for the stock.
PBF 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. If the RSI of PBFX stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.