Polaris Industries Technical Analysis (NYSE:PII)
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 PII stock chart pattern can give those who understand technical analysis an indication of which way PII stock is headed, but cannot predict with 100% certainty as to what can happen to the Polaris Industries stock price.
See Polaris Industries bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. 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 Polaris Industries stock analysis.
Polaris Industries Moving Average
Moving averages show the PII stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $108.94 is above the price of $106.85.
Polaris Industries Bollinger Bands
Bollinger bands comprise of a center line usually PII SMA, and two PII 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 Polaris Industries bollinger bands.
Polaris Industries 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 Polaris Industries MACD line is above the signal line.
Polaris Industries 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. 44.81 is the RSI value of PII stock.