Psychemedics Technical Analysis (NASDAQ:PMD)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The PMD stock chart pattern can give those who understand technical analysis an indication of which way PMD stock is headed, but cannot predict with 100% certainty as to what can happen to the Psychemedics stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Psychemedics. The technical analysis form of Psychemedics stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Psychemedics Moving Average
Moving averages show the average price of PMD stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $20.39 is below the last closing price of $21.29 and the 50 day moving average of $20.67 is below the last closing price of $21.29. The 10 and 20 day periods can predict short term moving average trends.
Psychemedics Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Psychemedics. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $21.29 is in the upper range 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 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. 64.72 is the RSI value of PMD stock.