Nexstar Broadcasting Technical Analysis (NASDAQ:NXST)
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 NXST stock chart pattern can give those who understand technical analysis an indication of which way NXST stock is headed, but cannot predict with 100% certainty as to what can happen to the Nexstar Broadcasting stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Nexstar Broadcasting. The technical analysis form of Nexstar Broadcasting stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Nexstar Broadcasting Moving Average
Moving averages show the NXST 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 $69.13 is below the price of $74.45.
Nexstar Broadcasting Bollinger Bands
Bollinger bands comprise of a center line usually NXST SMA, and two NXST 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 Nexstar Broadcasting bollinger bands.
Nexstar Broadcasting 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 Nexstar Broadcasting MACD indicator is below 0 indicating a bearish trend.
Nexstar Broadcasting 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 NXST stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.