1347 Property Insurance Technical Analysis (NASDAQ:PIH)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The PIH stock chart pattern can give those who understand technical analysis an indication of which way PIH stock is headed, but cannot predict with 100% certainty as to what can happen to the 1347 Property Insurance stock price.
See 1347 Property Insurance bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for 1347 Property Insurance stock analysis that does not care for the fair value of a company but uses price and volume data only.
1347 Property Insurance Moving Average
Moving averages show the average price of PIH stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $6.88 is below the price of $7.15.
1347 Property Insurance Bollinger Bands
Bollinger bands comprise of a center line usually PIH SMA, and two PIH 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. Currently the stock price of $7.15 is in the upper range of 1347 Property Insurance bollinger bands.
1347 Property Insurance 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 1347 Property Insurance MACD line is above the signal line.
1347 Property Insurance Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 59.71 is the RSI value of PIH stock.