New Residential Investment Technical Analysis (NYSE:NRZ)
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 New Residential Investment stock price data and volume are plotted in NRZ stock charts and these trading charts form the basis of technical analysis.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for New Residential Investment. 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 New Residential Investment stock analysis.
New Residential Investment Moving Average
Moving averages show the average price of NRZ 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 $16.41 is below the last closing price of $16.55 and the 50 day moving average of $16.59 is above the last closing price of $16.55. The 10 and 20 day periods can predict short term moving average trends.
New Residential Investment Bollinger Bands
Bollinger bands comprise of a center line usually NRZ SMA, and two NRZ 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. The stock price is trading between the average and the upper band in the context of New Residential Investment bollinger bands.
New Residential Investment 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 New Residential Investment MACD indicator can be used to identify bullish and bearish trends for the stock.
New Residential Investment 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 NRZ stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.