Prospect Capital Technical Analysis (NASDAQ:PSEC)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The Prospect Capital stock price data and volume are plotted in PSEC stock charts and these trading charts form the basis of technical analysis.
See Prospect Capital bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Prospect Capital stock analysis that does not care for the fair value of a company but uses price and volume data only.
Prospect Capital Moving Average
Moving averages show the PSEC stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $6.92 is below the last closing price of $6.93 and the 50 day moving average of $6.85 is below the last closing price of $6.93. The 10 and 20 day periods can predict short term moving average trends.
Prospect Capital Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Prospect Capital. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Prospect Capital bollinger bands show that the stock price is $6.93, upper band is 7, lower band is 6.84, and the average is 6.92.
Prospect Capital 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 Prospect Capital MACD indicator is below 0 indicating a bearish trend.
Prospect Capital Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . If the RSI of PSEC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.