PACCAR Technical Analysis (NASDAQ:PCAR)
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 PCAR stock chart pattern can give those who understand technical analysis an indication of which way PCAR stock is headed, but cannot predict with 100% certainty as to what can happen to the PACCAR stock price.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for PACCAR. The technical analysis form of PACCAR stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
PACCAR Moving Average
Moving averages help predict the price direction of PCAR stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $72.58 is above the last closing price of $68.78 and the 50 day moving average of $72.71 is above the last closing price of $68.78. The 10 and 20 day periods can predict short term moving average trends.
PACCAR 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 PCAR stock. Currently the stock price of $68.78 is in the lower range of PACCAR bollinger bands.
PACCAR 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 PACCAR MACD line is below the signal line.
PACCAR Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of PCAR stock is 19.44.