Performant Financial Technical Analysis (NASDAQ:PFMT)
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. Just by looking at the Performant Financial 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 PFMT stock chart which creates a trading signal.
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 Performant Financial. The technical analysis form of Performant Financial stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Performant Financial Moving Average
Moving averages show the average price of PFMT stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Performant Financial are mostly signals of long term trends and will help long term traders.
Performant Financial 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 PFMT stock. Performant Financial bollinger bands show that the stock price is $2.46, upper band is 3.27, lower band is 2.45, and the average is 2.86.
Performant Financial Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Performant Financial MACD indicator is below 0 indicating a bearish trend.
Performant Financial Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 23.33 is the RSI value of PFMT stock.