Northrim BanCorp Technical Analysis (NASDAQ:NRIM)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. Just by looking at the Northrim BanCorp 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 NRIM stock chart which creates a trading signal.
See Northrim BanCorp bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Northrim BanCorp stock analysis that does not care for the fair value of a company but uses price and volume data only.
Northrim BanCorp Moving Average
Moving averages show the average price of NRIM stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Northrim BanCorp are mostly signals of long term trends and will help long term traders.
Northrim BanCorp 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 NRIM stock. Northrim BanCorp bollinger bands show that the stock price is $43, upper band is 45.41, lower band is 42.76, and the average is 44.09.
Northrim BanCorp 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 Northrim BanCorp MACD indicator can be used to identify bullish and bearish trends for the stock.
Northrim BanCorp 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 . 39.37 is the RSI value of NRIM stock.