NICE LTD Technical Analysis (NASDAQ:NICE)
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 NICE LTD 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 NICE stock chart which creates a trading signal.
See NICE LTD bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of NICE LTD stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
NICE LTD Moving Average
Moving averages show the NICE 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 20 day moving average of $110.92 is above the last closing price of $110.39 and the 50 day moving average of $108.62 is below the last closing price of $110.39. The 10 and 20 day periods can predict short term moving average trends.
NICE LTD Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like NICE LTD. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $110.39 is in the lower range of NICE LTD bollinger bands.
NICE LTD 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 NICE LTD MACD line is above the signal line.
NICE LTD 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 NICE stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.