Enpro Technical Analysis (NYSE:NPO)
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. Just by looking at the Enpro 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 NPO stock chart which creates a trading signal.
See Enpro bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Enpro stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Enpro Moving Average
Moving averages show the average price of NPO stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $74.92 is below the last closing price of $76.58 and the 50 day moving average of $73.94 is below the last closing price of $76.58. The 10 and 20 day periods can predict short term moving average trends.
Enpro 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 NPO stock. Enpro bollinger bands show that the stock price is $76.58, upper band is 77.16, lower band is 72.68, and the average is 74.92.
Enpro Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Enpro MACD line is above the signal line.
Enpro 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 NPO stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.