Pyxis Tankers Technical Analysis (NASDAQ:PXS)
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. Just by looking at the Pyxis Tankers 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 PXS stock chart which creates a trading signal.
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 Pyxis Tankers. 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 Pyxis Tankers stock analysis.
Pyxis Tankers Moving Average
Moving averages show the PXS 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. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Pyxis Tankers are mostly signals of long term trends and will help long term traders.
Pyxis Tankers 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 PXS stock. Currently the stock price of $1.12 is in the lower range of Pyxis Tankers bollinger bands.
Pyxis Tankers 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 Pyxis Tankers MACD indicator is below 0 indicating a bearish trend.
Pyxis Tankers 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 PXS stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.