Prestige Brand Technical Analysis (NYSE:PBH)
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. Just by looking at the Prestige Brand stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the PBH stock chart which creates a trading signal.
See Prestige Brand bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Prestige Brand stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Prestige Brand Moving Average
Moving averages show the PBH 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 $38.03 is above the last closing price of $36.82 and the 50 day moving average of $36.34 is below the last closing price of $36.82. The 10 and 20 day periods can predict short term moving average trends.
Prestige Brand Bollinger Bands
Bollinger bands comprise of a center line usually PBH SMA, and two PBH 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. Currently the stock price of $36.82 is in the lower range of Prestige Brand bollinger bands.
Prestige Brand 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 Prestige Brand MACD indicator can be used to identify bullish and bearish trends for the stock.
Prestige Brand 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. The relative strength index of PBH stock is 38.73.