PENN VA CP Technical Analysis (NASDAQ:PVAC)
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. Just by looking at the PENN VA CP 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 PVAC stock chart which creates a trading signal.
See PENN VA CP bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of PENN VA CP stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
PENN VA CP Moving Average
Moving averages show the PVAC 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. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $79.76 is above the price of $77.
PENN VA CP 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 PVAC stock. PENN VA CP bollinger bands show that the stock price is $77, upper band is 88.7, lower band is 70.82, and the average is 79.76.
PENN VA CP Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The PENN VA CP MACD indicator is below 0 indicating a bearish trend.
PENN VA CP 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 PVAC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.