Perficient Technical Analysis (NASDAQ:PRFT)
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. Just by looking at the Perficient 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 PRFT stock chart which creates a trading signal.
See Perficient bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Perficient stock analysis that does not care for the fair value of a company but uses price and volume data only.
Perficient Moving Average
Moving averages show the average price of PRFT stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Perficient are mostly signals of long term trends and will help long term traders.
Perficient Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Perficient. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $27.02 is in the upper range of Perficient bollinger bands.
Perficient 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 Perficient MACD indicator is below 0 indicating a bearish trend.
Perficient Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 43.95 is the RSI value of PRFT stock.