Patriot National Technical Analysis (OTCMKTS:PNTPQ)
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 PNTPQ stock chart pattern can give those who understand technical analysis an indication of which way PNTPQ stock is headed, but cannot predict with 100% certainty as to what can happen to the Patriot National stock price.
See Patriot National 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 Patriot National stock analysis.
Patriot National Moving Average
Moving averages show the PNTPQ 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 longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Patriot National are mostly signals of long term trends and will help long term traders.
Patriot National 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 PNTPQ stock. Patriot National bollinger bands show that the stock price is $0.02, upper band is 1.65, lower band is 0.55, and the average is 1.1.
Patriot National 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 Patriot National MACD indicator is below 0 indicating a bearish trend.
Patriot National 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 . If the RSI of PNTPQ stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.