Party City Holdco Technical Analysis (NYSE:PRTY)
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. Just by looking at the Party City Holdco 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 PRTY stock chart which creates a trading signal.
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 Party City Holdco. Technical analysis uses an approach for Party City Holdco stock analysis that does not care for the fair value of a company but uses price and volume data only.
Party City Holdco Moving Average
Moving averages help predict the price direction of PRTY stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $15.6 is below the last closing price of $15.95 and the 50 day moving average of $15.37 is below the last closing price of $15.95. The 10 and 20 day periods can predict short term moving average trends.
Party City Holdco Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Party City Holdco. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $15.95 is in the upper range of Party City Holdco bollinger bands.
Party City Holdco 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 Party City Holdco MACD indicator is above 0 indicating a bullish trend.
Party City Holdco 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. 56 is the RSI value of PRTY stock.