PRGX Global Technical Analysis (NASDAQ:PRGX)
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 PRGX Global stock price data and volume are plotted in PRGX stock charts and these trading charts form the basis of technical analysis.
See PRGX Global 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 PRGX Global stock analysis.
PRGX Global Moving Average
Moving averages show the average price of PRGX stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $7.84 is below the price of $9.
PRGX Global Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like PRGX Global. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. PRGX Global bollinger bands show that the stock price is $9, upper band is 8.7, lower band is 6.99, and the average is 7.85.
PRGX Global 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 PRGX Global MACD indicator is below 0 indicating a bearish trend.
PRGX Global Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 80.7 is the RSI value of PRGX stock.