P & F Industries Technical Analysis (NASDAQ:PFIN)
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 PFIN stock chart pattern can give those who understand technical analysis an indication of which way PFIN stock is headed, but cannot predict with 100% certainty as to what can happen to the P & F Industries stock price.
See P & F Industries bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of P & F Industries stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
P & F Industries Moving Average
Moving averages help predict the price direction of PFIN stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $7.95 is below the last closing price of $7.96 and the 50 day moving average of $7.67 is below the last closing price of $7.96. The 10 and 20 day periods can predict short term moving average trends.
P & F Industries 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 PFIN stock. Currently the stock price of $7.96 is in the upper range of P & F Industries bollinger bands.
P & F Industries 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 P & F Industries MACD indicator is below 0 indicating a bearish 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. 59.17 is the RSI value of PFIN stock.