National Grid Technical Analysis (NYSE:NGG)
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. The NGG stock chart pattern can give those who understand technical analysis an indication of which way NGG stock is headed, but cannot predict with 100% certainty as to what can happen to the National Grid stock price.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for National Grid. 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 National Grid stock analysis.
National Grid Moving Average
Moving averages show the NGG stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for National Grid are mostly signals of long term trends and will help long term traders.
National Grid 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 NGG stock. National Grid bollinger bands show that the stock price is $52.98, upper band is 55.87, lower band is 51.58, and the average is 53.73.
National Grid Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The National Grid MACD indicator can be used to identify bullish and bearish trends for the stock.
National Grid 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. If the RSI of NGG stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.