Park-Ohio Technical Analysis (NASDAQ:PKOH)
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. Just by looking at the Park-Ohio stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the PKOH stock chart which creates a trading signal.
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 Park-Ohio. Technical analysis uses an approach for Park-Ohio stock analysis that does not care for the fair value of a company but uses price and volume data only.
Park-Ohio Moving Average
Moving averages help predict the price direction of PKOH 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 Park-Ohio are mostly signals of long term trends and will help long term traders.
Park-Ohio 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 PKOH stock. Park-Ohio bollinger bands show that the stock price is $39.55, upper band is 43.48, lower band is 38.55, and the average is 41.02.
Park-Ohio 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 Park-Ohio MACD indicator is below 0 indicating a bearish trend.
Park-Ohio 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. 65.99 is the RSI value of PKOH stock.