NIC Technical Analysis (NASDAQ:EGOV)
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 NIC 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 EGOV stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for NIC. The technical analysis form of NIC stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
NIC Moving Average
Moving averages show the average price of EGOV stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for NIC are mostly signals of long term trends and will help long term traders.
NIC Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like NIC. 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 NIC bollinger bands.
NIC 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 NIC MACD line is above the signal line.
NIC Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . 60.76 is the RSI value of EGOV stock.