Northrop Grumman Technical Analysis (NYSE:NOC)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The Northrop Grumman stock price data and volume are plotted in NOC stock charts and these trading charts form the basis of technical analysis.
See Northrop Grumman bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Northrop Grumman stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Northrop Grumman Moving Average
Moving averages help predict the price direction of NOC 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 $301.62 is below the price of $317.63.
Northrop Grumman Bollinger Bands
Bollinger bands comprise of a center line usually NOC SMA, and two NOC 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. Currently the stock price of $317.63 is in the upper range of Northrop Grumman bollinger bands.
Northrop Grumman 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 Northrop Grumman MACD line is above the signal line.
Northrop Grumman 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 NOC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.