Norfolk Southern Technical Analysis (NYSE:NSC)
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 NSC stock chart pattern can give those who understand technical analysis an indication of which way NSC stock is headed, but cannot predict with 100% certainty as to what can happen to the Norfolk Southern stock price.
See Norfolk Southern bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Norfolk Southern stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Norfolk Southern Moving Average
Moving averages show the average price of NSC 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 $140.84 is above the last closing price of $139.17 and the 50 day moving average of $145.1 is above the last closing price of $139.17. The 10 and 20 day periods can predict short term moving average trends.
Norfolk Southern Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Norfolk Southern. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $139.17 is in the lower range of Norfolk Southern bollinger bands.
Norfolk Southern 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 Norfolk Southern MACD line is below the signal line.
Norfolk Southern Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of NSC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.