Profire Energy Technical Analysis (NASDAQ:PFIE)
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 Profire Energy stock price data and volume are plotted in PFIE 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 Profire Energy. The technical analysis form of Profire Energy stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Profire Energy Moving Average
Moving averages show the PFIE 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. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $3.84 is above the price of $3.47.
Profire Energy Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Profire Energy. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the lower band in the context of Profire Energy bollinger bands.
Profire 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 Profire Energy MACD indicator can be used to identify bullish and bearish trends for the stock.
Profire Energy Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of PFIE stock is 40.24.