Powell Industries Technical Analysis (NASDAQ:POWL)
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. Just by looking at the Powell Industries 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 POWL stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Powell Industries. Technical analysis uses an approach for Powell Industries stock analysis that does not care for the fair value of a company but uses price and volume data only.
Powell Industries Moving Average
Moving averages help predict the price direction of POWL stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $35.32 is above the price of $34.7.
Powell Industries 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 POWL stock. The stock price is trading between the average and the lower band in the context of Powell Industries bollinger bands.
Powell Industries 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 Powell Industries MACD indicator is below 0 indicating a bearish trend.
Powell Industries Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 27 is the RSI value of POWL stock.