Provident Financial Technical Analysis (NYSE:PFS)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The Provident Financial stock price data and volume are plotted in PFS stock charts and these trading charts form the basis of technical analysis.
See Provident Financial bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Provident Financial stock analysis that does not care for the fair value of a company but uses price and volume data only.
Provident Financial Moving Average
Moving averages help predict the price direction of PFS stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Provident Financial are mostly signals of long term trends and will help long term traders.
Provident Financial Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Provident Financial. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Provident Financial bollinger bands show that the stock price is $27.41, upper band is 28.92, lower band is 27.15, and the average is 28.03.
Provident 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 Provident Financial MACD line is above the signal line.
Provident Financial Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 35 is the RSI value of PFS stock.