PS Business Parks Technical Analysis (NYSE:PSB)
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 PS Business Parks 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 PSB stock chart which creates a trading signal.
See PS Business Parks bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of PS Business Parks stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
PS Business Parks Moving Average
Moving averages help predict the price direction of PSB 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 PS Business Parks are mostly signals of long term trends and will help long term traders.
PS Business Parks 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 PSB stock. PS Business Parks bollinger bands show that the stock price is $129.55, upper band is 131.56, lower band is 128.1, and the average is 129.83.
PS Business Parks 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 PS Business Parks MACD line is above the signal line.
PS Business Parks 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. If the RSI of PSB stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.