Neff Technical Analysis (NYSE:NEFF)
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 Neff stock price data and volume are plotted in NEFF stock charts and these trading charts form the basis of technical analysis.
See Neff bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis uses an approach for Neff stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
Neff Moving Average:
NEFF stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of Neff chart patterns after the calculations remain the same. The 100 day moving average of 20.59 is below the last closing price of 24.95. The 20 day moving average of $24.95 is below the last closing price of $24.95 and the 50 day moving average of $23.34 is below the $24.95 price. The 10 and 20 day periods can predict short term moving average trends.
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 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. Currently the stock price of $24.95 is in the lower range 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 line is below the signal line.
Neff 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 NEFF stock is 45.45. .