Polypore International Technical Analysis (NYSE:PPO)
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. Just by looking at the Polypore International 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 PPO stock chart which creates a trading signal.
See Polypore International bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Polypore International stock analysis that does not care for the fair value of a company but uses price and volume data only.
Polypore International Moving Average
Moving averages help predict the price direction of PPO stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $60.13 is below the last closing price of $60.48 and the 50 day moving average of $60.08 is below the last closing price of $60.48. The 10 and 20 day periods can predict short term moving average trends.
Polypore International Bollinger Bands
Bollinger bands comprise of a center line usually PPO SMA, and two PPO stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the upper band in the context of Polypore International bollinger bands.
Polypore International 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 Polypore International MACD indicator can be used to identify bullish and bearish trends for the stock.
Polypore International 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 PPO stock is 71.43.