PCMI Inc Technical Analysis (NASDAQ:PCMI)
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. Just by looking at the PCMI Inc 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 PCMI stock chart which creates a trading signal.
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 PCMI Inc. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of PCMI Inc stock analysis.
PCMI Inc Moving Average
Moving averages show the average price of PCMI stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $16.41 is below the price of $17.85.
PCMI Inc Bollinger Bands
Bollinger bands comprise of a center line usually PCMI SMA, and two PCMI 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. PCMI Inc bollinger bands show that the stock price is $17.85, upper band is 17.98, lower band is 14.85, and the average is 16.41.
PCMI Inc 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 PCMI Inc MACD indicator is below 0 indicating a bearish trend.
PCMI Inc 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 PCMI stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.