Newfield Exploration Technical Analysis (NYSE:NFX)
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 Newfield Exploration stock price data and volume are plotted in NFX stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Newfield Exploration. Technical analysis uses an approach for Newfield Exploration stock analysis that does not care for the fair value of a company but uses price and volume data only.
Newfield Exploration Moving Average
Moving averages help predict the price direction of NFX 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 $28.22 is above the price of $26.99.
Newfield Exploration 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 NFX stock. The stock price is trading between the average and the lower band in the context of Newfield Exploration bollinger bands.
Newfield Exploration 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 Newfield Exploration MACD indicator can be used to identify bullish and bearish trends for the stock.
Newfield Exploration Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of NFX stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.