Pengrowth Energy Technical Analysis (NYSE:PGH)
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 Pengrowth Energy stock price data and volume are plotted in PGH stock charts and these trading charts form the basis of technical analysis.
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 Pengrowth Energy. 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 Pengrowth Energy stock analysis.
Pengrowth Energy Moving Average
Moving averages help predict the price direction of PGH stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $0.74 is below the price of $0.75.
Pengrowth Energy 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 PGH stock. Currently the stock price of $0.75 is in the upper range of Pengrowth Energy bollinger bands.
Pengrowth Energy 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 Pengrowth Energy MACD line is below the signal line.
Pengrowth Energy Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 52.25 is the RSI value of PGH stock.