PRA Group Technical Analysis (NASDAQ:PRAA)
Technical chart patterns are studied in depth by people who strongly believe in technical analysis. These type of investors who look at trading charts or technical stock charts are usually traders rather than value investors. When a chart pattern that can predict future PRA Group stock price movements is formed, the PRAA stock chart can become a key tool for a technical analyst.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for PRA Group. 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:
PRAA stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of PRA Group chart patterns after the calculations remain the same. The 100 day moving average of 35.63 is above the last closing price of 31.35. One needs to choose the duration of a moving average depending on the investment objective and investment horizon. For periods greater than 100, it takes a larger and longer PRAA stock price movement for the moving average to change course.
PRA Group 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 PRAA stock. Currently the stock price of $31.35 is in the lower range of PRA Group bollinger bands.
PRA Group 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 PRA Group MACD indicator is above 0 indicating a bullish trend.
PRA Group 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 PRAA stock is 21.48. .