NACCO Industries Technical Analysis (NYSE:NC)
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 NACCO Industries stock price data and volume are plotted in NC stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for NACCO Industries. The technical analysis form of NACCO Industries stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
NACCO Industries Moving Average:
Moving averages show the NC stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). The 20 day moving average of $75.38 is below the last closing price of $81 and the 50 day moving average of $71.47 is below the $81 price. The 10 and 20 day periods can predict short term moving average trends.
NACCO Industries Bollinger Bands:
Bollinger bands comprise of a center line usually NC SMA, and two NC 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. The stock price is trading between the average and the upper band in the context of NACCO Industries bollinger bands.
NACCO Industries 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 NACCO Industries MACD line is above the signal line.
NACCO Industries Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of NC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .