Neurocrine Biosciences Technical Analysis (NASDAQ:NBIX)
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. Just by looking at the Neurocrine Biosciences 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 NBIX stock chart which creates a trading signal.
See Neurocrine Biosciences 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 Neurocrine Biosciences stock analysis.
Neurocrine Biosciences Moving Average
Moving averages show the NBIX 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 longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Neurocrine Biosciences are mostly signals of long term trends and will help long term traders.
Neurocrine Biosciences Bollinger Bands
Bollinger bands comprise of a center line usually NBIX SMA, and two NBIX 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 $117.41 is in the lower range of Neurocrine Biosciences bollinger bands.
Neurocrine Biosciences 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 Neurocrine Biosciences MACD indicator is above 0 indicating a bullish trend.
Neurocrine Biosciences 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. 42.55 is the RSI value of NBIX stock.