Aratana Therapeutics Technical Analysis (NASDAQ:PETX)
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 Aratana Therapeutics stock price data and volume are plotted in PETX stock charts and these trading charts form the basis of technical analysis.
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 Aratana Therapeutics. Technical analysis uses an approach for Aratana Therapeutics stock analysis that does not care for the fair value of a company but uses price and volume data only.
Aratana Therapeutics Moving Average
Moving averages show the average price of PETX stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $5.4 is below the last closing price of $5.96 and the 50 day moving average of $5.02 is below the last closing price of $5.96. The 10 and 20 day periods can predict short term moving average trends.
Aratana Therapeutics Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Aratana Therapeutics. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $5.96 is in the upper range of Aratana Therapeutics bollinger bands.
Aratana Therapeutics Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Aratana Therapeutics MACD indicator can be used to identify bullish and bearish trends for the stock.
Aratana Therapeutics Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of PETX stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.