NOMAD FOODS LTD Technical Analysis (NYSE:NOMD)
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 NOMAD FOODS LTD stock price data and volume are plotted in NOMD stock charts and these trading charts form the basis of technical analysis.
See NOMAD FOODS LTD bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of NOMAD FOODS 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.
NOMAD FOODS LTD Moving Average
Moving averages show the NOMD 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. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $16.59 is above the price of $16.38.
NOMAD FOODS LTD Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like NOMAD FOODS LTD. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $16.38 is in the lower range of NOMAD FOODS LTD bollinger bands.
NOMAD FOODS 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 NOMAD FOODS LTD MACD indicator can be used to identify bullish and bearish trends for the stock.
NOMAD FOODS LTD 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 NOMD stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.