Numerex Technical Analysis (NASDAQ:NMRX)
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 NMRX stock chart pattern can give those who understand technical analysis an indication of which way NMRX stock is headed, but cannot predict with 100% certainty as to what can happen to the Numerex stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Numerex. The technical analysis form of Numerex stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Numerex Moving Average
Moving averages show the NMRX 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 $3.7 is below the last closing price of $3.83 and the 50 day moving average of $3.84 is above the last closing price of $3.83. The 10 and 20 day periods can predict short term moving average trends.
Numerex 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 NMRX stock. Numerex bollinger bands show that the stock price is $3.83, upper band is 4.16, lower band is 3.23, and the average is 3.7.
Numerex 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 Numerex MACD indicator is below 0 indicating a bearish trend.
Numerex Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . If the RSI of NMRX stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.