P & F Industries Technical Analysis (NASDAQ:PFIN)
Technical chart patterns are studied in depth by people who strongly believe in technical analysis. These type of investors who look at trading charts or technical stock charts are usually traders rather than value investors. Just by looking at the P & F Industries stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the PFIN stock chart which creates a trading signal.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for P & F Industries. Technical analysis uses an approach for P & F Industries stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
P & F Industries Moving Average:
Moving averages show the average price of PFIN 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 $6.12 is below the last closing price of $7.69 and the 50 day moving average of $6.51 is below the $7.69 price. The 10 and 20 day periods can predict short term moving average trends.
P & F Industries Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of P & F Industries stock price relative to previous trades. Currently the stock price of $7.69 is in the upper range of P & F Industries bollinger bands.
P & F Industries 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 P & F Industries MACD indicator is above 0 indicating a bullish trend.
P & F Industries 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. If the RSI of PFIN stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .