NantHealth Technical Analysis (NASDAQ:NH)
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. Just by looking at the NantHealth 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 NH stock chart which creates a trading signal.
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 NantHealth. The technical analysis form of NantHealth stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
NantHealth Moving Average
Moving averages show the average price of NH stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $2.96 is above the last closing price of $2.33 and the 50 day moving average of $3.15 is above the last closing price of $2.33. The 10 and 20 day periods can predict short term moving average trends.
NantHealth 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 NH stock. NantHealth bollinger bands show that the stock price is $2.33, upper band is 3.64, lower band is 2.28, and the average is 2.96.
NantHealth Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The NantHealth MACD indicator is below 0 indicating a bearish trend.
NantHealth 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. The relative strength index of NH stock is 11.01.