Psychemedics Technical Analysis (NASDAQ:PMD)
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 Psychemedics stock price data and volume are plotted in PMD stock charts and these trading charts form the basis of technical analysis.
See Psychemedics bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis uses an approach for Psychemedics stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
Psychemedics Moving Average:
Moving averages help predict the price direction of PMD stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A rise in trend over the long term indicates a long term uptrend. Similarly a falling PMD moving average implies that Psychemedics stock price is falling.
Psychemedics Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of Psychemedics stock price relative to previous trades. The stock price is trading between the average and the lower band in the context of Psychemedics bollinger bands.
Psychemedics Moving Average Convergence Divergence or MACD:
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Psychemedics MACD line is above the signal line.
Psychemedics Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 17.56 is the RSI value of PMD stock. .