Northwest Bancshares Technical Analysis (NASDAQ:NWBI)
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. The NWBI stock chart pattern can give those who understand technical analysis an indication of which way NWBI stock is headed, but cannot predict with 100% certainty as to what can happen to the Northwest Bancshares stock price.
See Northwest Bancshares bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Northwest Bancshares stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Northwest Bancshares Moving Average
Moving averages help predict the price direction of NWBI stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Northwest Bancshares are mostly signals of long term trends and will help long term traders.
Northwest Bancshares 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 NWBI stock. Northwest Bancshares bollinger bands show that the stock price is $17.69, upper band is 18.19, lower band is 17.39, and the average is 17.79.
Northwest Bancshares Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Northwest Bancshares MACD indicator can be used to identify bullish and bearish trends for the stock.
Northwest Bancshares 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. 36.99 is the RSI value of NWBI stock.