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. Just by looking at the Pharmerica 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 PMC 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 Pharmerica. Technical analysis uses an approach for Pharmerica stock analysis that does not care for the fair value of a company but uses price and volume data only.
Pharmerica Moving Average
Moving averages show the PMC 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. The 20 day moving average of $29.19 is below the last closing price of $29.25 and the 50 day moving average of $29.18 is below the last closing price of $29.25. The 10 and 20 day periods can predict short term moving average trends.
Pharmerica Bollinger Bands
Bollinger bands comprise of a center line usually PMC SMA, and two PMC 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. Pharmerica bollinger bands show that the stock price is $29.25, upper band is 29.3, lower band is 29.07, and the average is 29.19.
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 indicator is above 0 indicating a bullish trend.
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.