Pointer Telocation Technical Analysis (NASDAQ:PNTR)
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 Pointer Telocation stock price data and volume are plotted in PNTR 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 Pointer Telocation. 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 Pointer Telocation stock analysis.
Pointer Telocation Moving Average
Moving averages show the PNTR 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 $13.63 is above the last closing price of $12.75 and the 50 day moving average of $14.17 is above the last closing price of $12.75. The 10 and 20 day periods can predict short term moving average trends.
Pointer Telocation 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 PNTR stock. Currently the stock price of $12.75 is in the lower range of Pointer Telocation bollinger bands.
Pointer Telocation 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 Pointer Telocation MACD line is below the signal line.
Pointer Telocation 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 . The relative strength index of PNTR stock is 16.67.