Natural Gas Services Technical Analysis (NYSE:NGS)
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 NGS stock chart pattern can give those who understand technical analysis an indication of which way NGS stock is headed, but cannot predict with 100% certainty as to what can happen to the Natural Gas Services 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 Natural Gas Services. The technical analysis form of Natural Gas Services stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Natural Gas Services Moving Average
Moving averages help predict the price direction of NGS stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $22.81 is below the last closing price of $23 and the 50 day moving average of $24.11 is above the last closing price of $23. The 10 and 20 day periods can predict short term moving average trends.
Natural Gas Services 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 NGS stock. Natural Gas Services bollinger bands show that the stock price is $23, upper band is 23.96, lower band is 21.66, and the average is 22.81.
Natural Gas Services 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 Natural Gas Services MACD indicator is above 0 indicating a bullish trend.
Natural Gas Services 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. 50.7 is the RSI value of NGS stock.