Neff Technical Analysis (NYSE:NEFF)
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. Just by looking at the Neff 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 NEFF stock chart which creates a trading signal.
See Neff bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Neff stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Neff Moving Average
Moving averages help predict the price direction of NEFF stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Neff are mostly signals of long term trends and will help long term traders.
Neff Bollinger Bands
Bollinger bands comprise of a center line usually NEFF SMA, and two NEFF 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. The stock price is trading between the average and the upper band in the context of Neff bollinger bands.
Neff Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Neff MACD indicator can be used to identify bullish and bearish trends for the stock.
Neff Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . The relative strength index of NEFF stock is 54.55.