Precision Castparts Technical Analysis (NYSE:PCP)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The Precision Castparts stock price data and volume are plotted in PCP stock charts and these trading charts form the basis of technical analysis.
See Precision Castparts bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Precision Castparts stock analysis that does not care for the fair value of a company but uses price and volume data only.
Precision Castparts Moving Average
Moving averages show the PCP 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 $232.56 is below the last closing price of $234.95 and the 50 day moving average of $231.95 is below the last closing price of $234.95. The 10 and 20 day periods can predict short term moving average trends.
Precision Castparts Bollinger Bands
Bollinger bands comprise of a center line usually PCP SMA, and two PCP 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. The stock price is trading between the average and the upper band in the context of Precision Castparts bollinger bands.
Precision Castparts 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 Precision Castparts MACD line is above the signal line.
Precision Castparts 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. 73.92 is the RSI value of PCP stock.