Bristow Group Technical Analysis (NYSE:BRS)
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 Bristow Group 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 BRS 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 Bristow Group. Technical analysis uses an approach for Bristow Group stock analysis that does not care for the fair value of a company but uses price and volume data only.
Bristow Group Moving Average
Moving averages show the average price of BRS 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 $11.17 is below the price of $12.11.
Bristow Group Bollinger Bands
Bollinger bands comprise of a center line usually BRS SMA, and two BRS 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 $12.11 is in the upper range of Bristow Group bollinger bands.
Bristow Group 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 Bristow Group MACD line is below the signal line.
Bristow Group 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. The relative strength index of BRS stock is 69.23.