Pure Cycle Technical Analysis (NASDAQ:PCYO)
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. The PCYO stock chart pattern can give those who understand technical analysis an indication of which way PCYO stock is headed, but cannot predict with 100% certainty as to what can happen to the Pure Cycle stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Pure Cycle. Technical analysis uses an approach for Pure Cycle stock analysis that does not care for the fair value of a company but uses price and volume data only.
Pure Cycle Moving Average
Moving averages help predict the price direction of PCYO stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $10.66 is below the price of $10.8.
Pure Cycle Bollinger Bands
Bollinger bands comprise of a center line usually PCYO SMA, and two PCYO 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 $10.8 is in the upper range of Pure Cycle bollinger bands.
Pure Cycle 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 Pure Cycle MACD indicator is above 0 indicating a bullish trend.
Pure Cycle 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 PCYO stock is 57.78.