Nortech Systems Technical Analysis (NASDAQ:NSYS)
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. The NSYS stock chart pattern can give those who understand technical analysis an indication of which way NSYS stock is headed, but cannot predict with 100% certainty as to what can happen to the Nortech Systems stock price.
See Nortech Systems bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Nortech Systems stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Nortech Systems Moving Average
Moving averages show the NSYS stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $3.74 is above the last closing price of $3.64 and the 50 day moving average of $3.5 is below the last closing price of $3.64. The 10 and 20 day periods can predict short term moving average trends.
Nortech Systems Bollinger Bands
Bollinger bands comprise of a center line usually NSYS SMA, and two NSYS 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. Currently the stock price of $3.64 is in the lower range of Nortech Systems bollinger bands.
Nortech Systems 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 Nortech Systems MACD line is above the signal line.
Nortech Systems 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. 52.52 is the RSI value of NSYS stock.