Pernix Therapeutics Technical Analysis (NASDAQ:PTX)
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 Pernix Therapeutics stock price data and volume are plotted in PTX stock charts and these trading charts form the basis of technical analysis.
See Pernix Therapeutics bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Pernix Therapeutics stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Pernix Therapeutics Moving Average
Moving averages help predict the price direction of PTX stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $2.04 is above the price of $1.44.
Pernix Therapeutics 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 PTX stock. Currently the stock price of $1.44 is in the lower range of Pernix Therapeutics bollinger bands.
Pernix Therapeutics 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 Pernix Therapeutics MACD indicator is below 0 indicating a bearish trend.
Pernix Therapeutics 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. 6.9 is the RSI value of PTX stock.