Northrim BanCorp Technical Analysis (NASDAQ:NRIM)
Technical chart patterns are studied in depth by people who strongly believe in technical analysis. These type of investors who look at trading charts or technical stock charts are usually traders rather than value investors. A NRIM stock chart pattern can give those who understand technical analysis an indication of which way NRIM stock is headed, but cannot predict with 100% certainty as to what can happen to the Northrim BanCorp stock price.
See Northrim BanCorp 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 Northrim BanCorp stock analysis.
Northrim BanCorp Moving Average:
NRIM stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of Northrim BanCorp chart patterns after the calculations remain the same. The 100 day moving average of 18.76 is below the last closing price of 29.6. A rise in trend over the long term indicates a long term uptrend. Similarly a falling NRIM moving average implies that Northrim BanCorp stock price is falling.
Northrim BanCorp Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of Northrim BanCorp stock price relative to previous trades. Currently the stock price of $29.6 is in the upper range of Northrim BanCorp bollinger bands.
Northrim BanCorp 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 Northrim BanCorp MACD indicator can be used to identify bullish and bearish trends for the stock.
Northrim BanCorp Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of NRIM stock is 6.95. .