Navios Maritime Acquisition Technical Analysis (NYSE:NNA)
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 Navios Maritime Acquisition 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 NNA stock chart which creates a trading signal.
See Navios Maritime Acquisition bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Navios Maritime Acquisition stock analysis that does not care for the fair value of a company but uses price and volume data only.
Navios Maritime Acquisition Moving Average
Moving averages help predict the price direction of NNA stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $0.84 is below the price of $0.86.
Navios Maritime Acquisition Bollinger Bands
Bollinger bands comprise of a center line usually NNA SMA, and two NNA stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Navios Maritime Acquisition bollinger bands show that the stock price is $0.86, upper band is 0.96, lower band is 0.73, and the average is 0.84.
Navios Maritime Acquisition 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 Navios Maritime Acquisition MACD indicator is below 0 indicating a bearish trend.
Navios Maritime Acquisition Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of NNA stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.