PENN VA CP Technical Analysis (NASDAQ:PVAC)
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 PVAC stock chart pattern can give those who understand technical analysis an indication of which way PVAC stock is headed, but cannot predict with 100% certainty as to what can happen to the PENN VA CP stock price.
See PENN VA CP 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 PENN VA CP stock analysis.
PENN VA CP Moving Average
Moving averages show the average price of PVAC stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $39.16 is below the price of $45.95.
PENN VA CP Bollinger Bands
Bollinger bands comprise of a center line usually PVAC SMA, and two PVAC 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 $45.95 is in the upper range of PENN VA CP bollinger bands.
PENN VA CP 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 PENN VA CP MACD indicator is below 0 indicating a bearish trend.
PENN VA CP Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in 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.