Pharmerica Technical Analysis (NYSE:PMC)
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. When a chart pattern that can predict future Pharmerica stock price movements is formed, the PMC stock chart can become a key tool for a technical analyst.
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 Pharmerica. The technical analysis form of Pharmerica stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Pharmerica Moving Average:
Moving averages help predict the price direction of PMC 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 $29.1 is above the last closing price of $29 and the 50 day moving average of $27.93 is below the $29 price. The 10 and 20 day periods can predict short term moving average trends.
Pharmerica Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of Pharmerica stock price relative to previous trades. Currently the stock price of $29 is in the lower range of Pharmerica bollinger bands.
Pharmerica 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 Pharmerica MACD line is above the signal line.
Pharmerica 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. If the RSI of PMC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .