PJT Partners Technical Analysis (NYSE:PJT)
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 PJT stock chart pattern can give those who understand technical analysis an indication of which way PJT stock is headed, but cannot predict with 100% certainty as to what can happen to the PJT Partners stock price.
See PJT Partners bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for PJT Partners stock analysis that does not care for the fair value of a company but uses price and volume data only.
PJT Partners Moving Average
Moving averages help predict the price direction of PJT stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $56.35 is below the last closing price of $56.74 and the 50 day moving average of $54.97 is below the last closing price of $56.74. The 10 and 20 day periods can predict short term moving average trends.
PJT Partners Bollinger Bands
Bollinger bands comprise of a center line usually PJT SMA, and two PJT 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 upper band in the context of PJT Partners bollinger bands.
PJT Partners Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The PJT Partners MACD indicator can be used to identify bullish and bearish trends for the stock.
PJT Partners 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 . If the RSI of PJT stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.