Newport Technical Analysis (NASDAQ:NEWP)
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. When a chart pattern that can predict future Newport stock price movements is formed, the NEWP stock chart can become a key tool for a technical analyst.
See Newport 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 Newport stock analysis.
Newport Moving Average:
Moving averages help predict the price direction of NEWP stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $22.98 is below the price of $22.99.
Newport Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Newport. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $22.99 is in the lower range of Newport bollinger bands.
Newport 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 Newport MACD indicator can be used to identify bullish and bearish trends for the stock.
Newport Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 53.12 is the RSI value of NEWP stock. .