Providence Service Technical Analysis (NASDAQ:PRSC)
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. The Providence Service stock price data and volume are plotted in PRSC stock charts and these trading charts form the basis of technical analysis.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Providence Service. 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 Providence Service stock analysis.
Providence Service Moving Average
Moving averages help predict the price direction of PRSC 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 Providence Service are mostly signals of long term trends and will help long term traders.
Providence Service 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 PRSC stock. Currently the stock price of $72.03 is in the lower range of Providence Service bollinger bands.
Providence Service 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 Providence Service MACD indicator is below 0 indicating a bearish trend.
Providence Service 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 PRSC stock is 28.34.