Patriot National Technical Analysis (OTCMKTS:PNTPQ)
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 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 uses an approach for Patriot National stock analysis that does not care for the fair value of a company but uses price and volume data only.
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 consist of two price bands above and below a center line for any company stock like Patriot National. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the lower band in the context of Patriot National bollinger bands.
Patriot National 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 Patriot National MACD indicator is below 0 indicating a bearish trend.
Patriot National Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 19.55 is the RSI value of PNTPQ stock.