NEXEO SOLUTIONS Technical Analysis (NASDAQ:NXEO)
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 NXEO stock chart pattern can give those who understand technical analysis an indication of which way NXEO stock is headed, but cannot predict with 100% certainty as to what can happen to the NEXEO SOLUTIONS stock price.
See NEXEO SOLUTIONS bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of NEXEO SOLUTIONS stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
NEXEO SOLUTIONS Moving Average
Moving averages show the NXEO 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. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $9.49 is below the price of $9.95.
NEXEO SOLUTIONS Bollinger Bands
Bollinger bands comprise of a center line usually NXEO SMA, and two NXEO 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 NEXEO SOLUTIONS bollinger bands.
NEXEO SOLUTIONS 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 NEXEO SOLUTIONS MACD indicator can be used to identify bullish and bearish trends for the stock.
NEXEO SOLUTIONS 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. The relative strength index of NXEO stock is 71.