Parsley Energy Technical Analysis (NYSE:PE)
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 PE stock chart pattern can give those who understand technical analysis an indication of which way PE stock is headed, but cannot predict with 100% certainty as to what can happen to the Parsley Energy stock price.
See Parsley Energy bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. 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 Parsley Energy stock analysis.
Parsley Energy Moving Average
Moving averages help predict the price direction of PE 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 $31.29 is above the price of $29.1.
Parsley Energy 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 PE stock. Parsley Energy bollinger bands show that the stock price is $29.1, upper band is 32.38, lower band is 30.19, and the average is 31.29.
Parsley Energy 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 Parsley Energy MACD indicator can be used to identify bullish and bearish trends for the stock.
Parsley Energy Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 44.35 is the RSI value of PE stock.