National CineMedia Technical Analysis (NASDAQ:NCMI)
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 National CineMedia stock price data and volume are plotted in NCMI stock charts and these trading charts form the basis of technical analysis.
See National CineMedia 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 CineMedia stock analysis.
National CineMedia Moving Average
Moving averages show the NCMI 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. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $5.49 is below the price of $5.75.
National CineMedia Bollinger Bands
Bollinger bands comprise of a center line usually NCMI SMA, and two NCMI 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. National CineMedia bollinger bands show that the stock price is $5.75, upper band is 5.9, lower band is 5.07, and the average is 5.49.
National CineMedia 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 CineMedia MACD indicator is below 0 indicating a bearish trend.
National CineMedia 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 NCMI stock is 69.47.