Natural Resource Partners Technical Analysis (NYSE:NRP)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the Natural Resource Partners 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 NRP stock chart which creates a trading signal.
See Natural Resource Partners bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Natural Resource Partners stock analysis.
Natural Resource Partners Moving Average
Moving averages show the average price of NRP 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 Natural Resource Partners are mostly signals of long term trends and will help long term traders.
Natural Resource Partners 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 NRP stock. Currently the stock price of $31.25 is in the lower range of Natural Resource Partners bollinger bands.
Natural Resource Partners 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 Natural Resource Partners MACD indicator is above 0 indicating a bullish trend.
Natural Resource Partners 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. If the RSI of NRP stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.