National Bank Technical Analysis (NYSE:NBHC)
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. When a chart pattern that can predict future National Bank stock price movements is formed, the NBHC stock chart can become a key tool for a technical analyst.
See National Bank bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. 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 National Bank stock analysis.
National Bank Moving Average:
Moving averages show the average price of NBHC 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 $33.58 is below the last closing price of $34.18 and the 50 day moving average of $32.41 is below the $34.18 price. The 10 and 20 day periods can predict short term moving average trends.
National Bank Bollinger Bands:
Bollinger bands comprise of a center line usually NBHC SMA, and two NBHC stock price bands above and below it. The stock is considered over brought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. National Bank bollinger bands show that the stock price is $34.18, upper band is 19.75, lower band is 19.15, and the average is 19.45.
National Bank 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 Bank MACD line is below the signal line.
National Bank Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 56.25 is the RSI value of NBHC stock. .