Euronav NV Technical Analysis (NYSE:EURN)
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 Euronav NV stock price data and volume are plotted in EURN stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Euronav NV. 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 Euronav NV stock analysis.
Euronav NV Moving Average
Moving averages help predict the price direction of EURN stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $8.39 is below the last closing price of $8.55 and the 50 day moving average of $8.61 is above the last closing price of $8.55. The 10 and 20 day periods can predict short term moving average trends.
Euronav NV Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Euronav NV. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Euronav NV bollinger bands show that the stock price is $8.55, upper band is 8.77, lower band is 8.01, and the average is 8.39.
Euronav NV 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 Euronav NV MACD indicator is above 0 indicating a bullish trend.
Euronav NV 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 . 61.76 is the RSI value of EURN stock.