Naked Brand Technical Analysis (NASDAQ:NAKD)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the Naked Brand 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 NAKD stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Naked Brand. 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 Naked Brand stock analysis.
Naked Brand Moving Average
Moving averages show the NAKD stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $4.28 is above the last closing price of $3.64 and the 50 day moving average of $5.33 is above the last closing price of $3.64. The 10 and 20 day periods can predict short term moving average trends.
Naked Brand Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Naked Brand. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Naked Brand bollinger bands show that the stock price is $3.64, upper band is 5.37, lower band is 3.2, and the average is 4.28.
Naked Brand Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Naked Brand MACD line is below the signal line.
Naked Brand 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. If the RSI of NAKD stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.