NOBLE MIDSTREAM Technical Analysis (NYSE:NBLX)
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. The NBLX stock chart pattern can give those who understand technical analysis an indication of which way NBLX stock is headed, but cannot predict with 100% certainty as to what can happen to the NOBLE MIDSTREAM stock price.
See NOBLE MIDSTREAM bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of NOBLE MIDSTREAM stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
NOBLE MIDSTREAM Moving Average
Moving averages help predict the price direction of NBLX stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $51.34 is above the last closing price of $46.79 and the 50 day moving average of $51.33 is above the last closing price of $46.79. The 10 and 20 day periods can predict short term moving average trends.
NOBLE MIDSTREAM Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the NBLX stock. Currently the stock price of $46.79 is in the lower range of NOBLE MIDSTREAM bollinger bands.
NOBLE MIDSTREAM 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 NOBLE MIDSTREAM MACD indicator can be used to identify bullish and bearish trends for the stock.
NOBLE MIDSTREAM 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 NBLX stock is 17.84.