Pingtan Marine Enterprise Technical Analysis (NASDAQ:PME)
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 Pingtan Marine Enterprise 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 PME 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 Pingtan Marine Enterprise. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Pingtan Marine Enterprise stock analysis.
Pingtan Marine Enterprise Moving Average
Moving averages show the PME 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 $3.1 is above the last closing price of $2.7 and the 50 day moving average of $3.41 is above the last closing price of $2.7. The 10 and 20 day periods can predict short term moving average trends.
Pingtan Marine Enterprise Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Pingtan Marine Enterprise. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $2.7 is in the lower range of Pingtan Marine Enterprise bollinger bands.
Pingtan Marine Enterprise Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Pingtan Marine Enterprise MACD indicator is above 0 indicating a bullish trend.
Pingtan Marine Enterprise 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. 32.1 is the RSI value of PME stock.