Pengrowth Energy Technical Analysis (NYSE:PGH)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. When a chart pattern that can predict future Pengrowth Energy stock price movements is formed, the PGH stock chart can become a key tool for a technical analyst.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Pengrowth Energy. Technical analysis uses an approach for Pengrowth Energy stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
Pengrowth Energy Moving Average:
Moving averages show the average price of PGH 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 Pengrowth Energy are mostly signals of long term trends and will help long term traders.
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. Pengrowth Energy bollinger bands show that the stock price is $0.94, upper band is 19.6, lower band is 18.5, and the average is 19.05.
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 indicator can be used to identify bullish and bearish trends for the stock.
Pengrowth Energy 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. 84.28 is the RSI value of PGH stock. .