PRA Group Technical Analysis (NASDAQ:PRAA)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The PRAA stock chart pattern can give those who understand technical analysis an indication of which way PRAA stock is headed, but cannot predict with 100% certainty as to what can happen to the PRA Group stock price.
See PRA Group 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 PRA Group stock analysis.
PRA Group Moving Average
Moving averages help predict the price direction of PRAA stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for PRA Group are mostly signals of long term trends and will help long term traders.
PRA Group Bollinger Bands
Bollinger bands comprise of a center line usually PRAA SMA, and two PRAA 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 lower band in the context of PRA Group bollinger bands.
PRA Group 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 PRA Group MACD indicator can be used to identify bullish and bearish trends for the stock.
PRA Group Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. The relative strength index of PRAA stock is 47.9.