Platinum Underwriters Technical Analysis (NYSE:PTP)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The PTP stock chart pattern can give those who understand technical analysis an indication of which way PTP stock is headed, but cannot predict with 100% certainty as to what can happen to the Platinum Underwriters stock price.
See Platinum Underwriters bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. 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 Platinum Underwriters stock analysis.
Platinum Underwriters Moving Average
Moving averages show the average price of PTP stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Platinum Underwriters are mostly signals of long term trends and will help long term traders.
Platinum Underwriters 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 PTP stock. Currently the stock price of $76.52 is in the upper range of Platinum Underwriters bollinger bands.
Platinum Underwriters 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 Platinum Underwriters MACD indicator is below 0 indicating a bearish trend.
Platinum Underwriters 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 PTP stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.