New Relic Technical Analysis (NYSE:NEWR)
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. Just by looking at the New Relic 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 NEWR stock chart which creates a trading signal.
See New Relic 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 New Relic stock analysis.
New Relic Moving Average
Moving averages help predict the price direction of NEWR 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 $104.72 is above the price of $100.49.
New Relic Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the NEWR stock. The stock price is trading between the average and the lower band in the context of New Relic bollinger bands.
New Relic 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 New Relic MACD indicator is below 0 indicating a bearish trend.
New Relic Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 43.4 is the RSI value of NEWR stock.