Panhandle Royalty Technical Analysis (NYSE:PHX)
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 PHX stock chart pattern can give those who understand technical analysis an indication of which way PHX stock is headed, but cannot predict with 100% certainty as to what can happen to the Panhandle Royalty 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 Panhandle Royalty. 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 Panhandle Royalty stock analysis.
Panhandle Royalty Moving Average
Moving averages help predict the price direction of PHX 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 Panhandle Royalty are mostly signals of long term trends and will help long term traders.
Panhandle Royalty 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 PHX stock. Panhandle Royalty bollinger bands show that the stock price is $18.45, upper band is 20.72, lower band is 18.22, and the average is 19.47.
Panhandle Royalty 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 Panhandle Royalty MACD indicator can be used to identify bullish and bearish trends for the stock.
Panhandle Royalty 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. The relative strength index of PHX stock is 30.59.