Peapack-Gladstone Financial Technical Analysis (NASDAQ:PGC)
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 Peapack-Gladstone 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 PGC stock chart which creates a trading signal.
See Peapack-Gladstone Financial bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis uses an approach for Peapack-Gladstone Financial stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
Peapack-Gladstone Financial Moving Average:
Moving averages show the PGC stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). Moving averages can be used for PGC trend identification. A rising moving average shows that stock prices are generally increasing.
Peapack-Gladstone Financial Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Peapack-Gladstone Financial. 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 Peapack-Gladstone Financial bollinger bands.
Peapack-Gladstone Financial 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 Peapack-Gladstone Financial MACD indicator is below 0 indicating a bearish trend.
Peapack-Gladstone Financial Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. If the RSI of PGC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .