National Interstate Technical Analysis (NASDAQ:NATL)
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 NATL stock chart pattern can give those who understand technical analysis an indication of which way NATL stock is headed, but cannot predict with 100% certainty as to what can happen to the National Interstate stock price.
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 National Interstate. Technical analysis uses an approach for National Interstate stock analysis that does not care for the fair value of a company but uses price and volume data only.
National Interstate Moving Average
Moving averages show the average price of NATL 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 $32.46 is below the last closing price of $32.51 and the 50 day moving average of $32.48 is below the last closing price of $32.51. The 10 and 20 day periods can predict short term moving average trends.
National Interstate Bollinger Bands
Bollinger bands comprise of a center line usually NATL SMA, and two NATL 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 $32.51 is in the upper range of National Interstate bollinger bands.
National Interstate 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 National Interstate MACD indicator can be used to identify bullish and bearish trends for the stock.
National Interstate 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 . 55.42 is the RSI value of NATL stock.