POSCO Technical Analysis (NYSE:PKX)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. Just by looking at the POSCO 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 PKX stock chart which creates a trading signal.
See POSCO bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of POSCO stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
POSCO Moving Average
Moving averages show the PKX 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 $71.54 is above the price of $68.79.
POSCO Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like POSCO. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the lower band in the context of POSCO bollinger bands.
POSCO 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 POSCO MACD line is below the signal line.
POSCO 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 . The relative strength index of PKX stock is 35.17.