Nordic American Offshore Technical Analysis (NYSE:NAO)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The Nordic American Offshore stock price data and volume are plotted in NAO stock charts and these trading charts form the basis of technical analysis.
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 Nordic American Offshore. 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 Nordic American Offshore stock analysis.
Nordic American Offshore Moving Average
Moving averages show the average price of NAO stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $0.96 is below the last closing price of $0.96 and the 50 day moving average of $1 is above the last closing price of $0.96. The 10 and 20 day periods can predict short term moving average trends.
Nordic American Offshore Bollinger Bands
Bollinger bands comprise of a center line usually NAO SMA, and two NAO 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. The stock price is trading between the average and the lower band in the context of Nordic American Offshore bollinger bands.
Nordic American Offshore 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 Nordic American Offshore MACD indicator can be used to identify bullish and bearish trends for the stock.
Nordic American Offshore 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 NAO stock is 46.43.