Northrim BanCorp Technical Analysis (NASDAQ:NRIM)
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 NRIM stock chart pattern can give those who understand technical analysis an indication of which way NRIM stock is headed, but cannot predict with 100% certainty as to what can happen to the Northrim BanCorp stock price.
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 comprise of a center line usually NRIM SMA, and two NRIM 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. Northrim BanCorp bollinger bands show that the stock price is $33.85, upper band is 34.38, lower band is 32.78, and the average is 33.58.
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
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 55 is the RSI value of NRIM stock.