PulteGroup Technical Analysis (NYSE:PHM)
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. The PHM stock chart pattern can give those who understand technical analysis an indication of which way PHM stock is headed, but cannot predict with 100% certainty as to what can happen to the PulteGroup stock price.
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 PulteGroup. 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 PulteGroup stock analysis.
PulteGroup Moving Average
Moving averages help predict the price direction of PHM 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 $30.59 is above the price of $28.78.
PulteGroup Bollinger Bands
Bollinger bands comprise of a center line usually PHM SMA, and two PHM 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 PulteGroup bollinger bands.
PulteGroup Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The PulteGroup MACD line is below the signal line.
PulteGroup Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . The relative strength index of PHM stock is 39.33.