CPI Card Group Technical Analysis (NASDAQ:PMTS)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. Just by looking at the CPI Card Group 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 PMTS stock chart which creates a trading signal.
See CPI Card Group bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. 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 CPI Card Group stock analysis.
CPI Card Group Moving Average:
Moving averages help predict the price direction of PMTS 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 $1.66 is above the last closing price of $0.95 and the 50 day moving average of $2.32 is above the $0.95 price. The 10 and 20 day periods can predict short term moving average trends.
CPI Card Group Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of CPI Card Group stock price relative to previous trades. The stock price is trading between the average and the upper band in the context of CPI Card Group bollinger bands.
CPI Card Group 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 CPI Card Group MACD indicator is below 0 indicating a bearish trend.
CPI Card Group Relative Strength Index:
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . 15.38 is the RSI value of PMTS stock. .