NanoString Technologies Inc (NSTG): Price Now Near $43.71; Daily Chart Shows Downtrend on 50 Day Basis

The Hourly View for NSTG

500 – Internal server error This is the 2nd hour in a row NSTG has seen its price head down. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

NSTG ranks 312th in terms of today’s price percentage change out of Pharmaceutical Products stocks.

NSTG’s Technical Outlook on the Daily Chart

At the moment, NSTG’s price is down $-2.58 (-5.57%) from the day prior. This is a reversal of the price action on the previous day, in which price moved up. As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. The chart below shows NSTG’s price action over the past 90 days.

NSTG

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NSTG: Daily RSI Analysis

  • For NSTG, its RSI is now at 31.3953.
  • NSTG and RSI may be exhibiting divergent trends. This may be something to monitor.

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