PrimeEnergy Technical Analysis (NASDAQ:PNRG)
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. The PrimeEnergy stock price data and volume are plotted in PNRG stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for PrimeEnergy. Technical analysis uses an approach for PrimeEnergy stock analysis that does not care for the fair value of a company but uses price and volume data only.
PrimeEnergy Moving Average
Moving averages show the PNRG 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. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $69.73 is below the price of $74.85.
PrimeEnergy Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the PNRG stock. PrimeEnergy bollinger bands show that the stock price is $74.85, upper band is 71.8, lower band is 67.66, and the average is 69.73.
PrimeEnergy 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 PrimeEnergy MACD line is above the signal line.
PrimeEnergy Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of PNRG stock is 89.99.