Payment Data Systems Technical Analysis (NASDAQ:PYDS)
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. The PYDS stock chart pattern can give those who understand technical analysis an indication of which way PYDS stock is headed, but cannot predict with 100% certainty as to what can happen to the Payment Data Systems stock price.
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 Payment Data Systems. The technical analysis form of Payment Data Systems stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Payment Data Systems Moving Average
Moving averages show the average price of PYDS 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 $1.66 is below the price of $1.69.
Payment Data Systems Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Payment Data Systems. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the upper band in the context of Payment Data Systems bollinger bands.
Payment Data Systems 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 Payment Data Systems MACD indicator can be used to identify bullish and bearish trends for the stock.
Payment Data Systems 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. 50 is the RSI value of PYDS stock.