Peapack-Gladstone Financial Technical Analysis (NASDAQ:PGC)
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. 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.
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 Peapack-Gladstone Financial. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Peapack-Gladstone Financial stock analysis.
Peapack-Gladstone Financial Moving Average
Moving averages help predict the price direction of PGC 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 Peapack-Gladstone Financial are mostly signals of long term trends and will help long term traders.
Peapack-Gladstone Financial Bollinger Bands
Bollinger bands comprise of a center line usually PGC SMA, and two PGC stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. 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 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 Peapack-Gladstone Financial MACD indicator is below 0 indicating a bearish trend.
Peapack-Gladstone Financial 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. 35.58 is the RSI value of PGC stock.