Peregrine Technical Analysis (NASDAQ:PSMI)
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 Peregrine stock price data and volume are plotted in PSMI 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 Peregrine. 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 Peregrine stock analysis.
Peregrine Moving Average
Moving averages help predict the price direction of PSMI 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 Peregrine are mostly signals of long term trends and will help long term traders.
Peregrine Bollinger Bands
Bollinger bands comprise of a center line usually PSMI SMA, and two PSMI stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $12.45 is in the lower range of Peregrine bollinger bands.
Peregrine 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 Peregrine MACD line is above the signal line.
Peregrine 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 PSMI stock is 50.