NRB Bearing Limited (NRBBEARING.NS) shares are showing positive signals short-term as the stock has finished higher by 4.81% for the week. In taking a look at recent performance, we can see that shares have moved -6.73% over the past 4-weeks, 39.56% over the past half year and 47.81% over the past full year.

Many traders and investors opt to study technical analysis when approaching the stock market. Technical analysts study changes in stock price that occur over various amounts of time. Some analysts will study by the minute or hour. Others will choose to zoom out to days, weeks, months, or even longer. Studying price action over different time periods can help provide the investor with valuable information to help make the best possible investing decisions. Keeping an eye on the stock market, it can be seen that certain trends repeat over time. These trends or patterns might not be exact, but they can be noticeable. Spotting these patterns and watching for momentum shifts can be a highly useful tool for any trader or investor. Many chartists will focus on multiple indicators when doing technical analysis. Becoming familiar with indicators and learning to spot trends may take a lot of time and effort to achieve. 

NRB Bearing Limited (NRBBEARING.NS) currently has a 14 day Williams %R of -35.14. In general, if the level goes above -20, the stock may be considered to be overbought. Alternately, if the indicator goes under -80, this may signal that the stock is oversold. The Williams Percent Range or Williams %R is a technical indicator that was developed to measure overbought and oversold market conditions. The Williams %R indicator helps show the relative situation of the current price close to the period being observed.

We can also take a look at the Average Directional Index or ADX of NRB Bearing Limited (NRBBEARING.NS). The ADX is used to measure trend strength. ADX calculations are made based on the moving average price range expansion over a specified amount of time. ADX is charted as a line with values ranging from 0 to 100. The indicator is non-directional meaning that it gauges trend strength whether the stock price is trending higher or lower. The 14-day ADX presently sits at 21.71. In general, and ADX value from 0-25 would represent an absent or weak trend. A value of 25-50 would indicate a strong trend. A value of 50-75 would indicate a very strong trend, and a value of 75-100 would signify an extremely strong trend. At the time of writing, NRB Bearing Limited (NRBBEARING.NS) has a 14-day Commodity Channel Index (CCI) of -17.95. Developed by Donald Lambert, the CCI is a versatile tool that may be used to help spot an emerging trend or provide warning of extreme conditions. CCI generally measures the current price relative to the average price level over a specific time period. CCI is relatively high when prices are much higher than average, and relatively low when prices are much lower than the average.

A commonly used tool among technical stock analysts is the moving average. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time. Moving averages can be very helpful for identifying peaks and troughs. They may also be used to assist the trader figure out proper support and resistance levels for the stock. Currently, the 200-day MA for NRB Bearing Limited (NRBBEARING.NS) is sitting at 135.98. The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of stock price movements. The RSI was developed by J. Welles Wilder, and it oscillates between 0 and 100. Generally, the RSI is considered to be oversold when it falls below 30 and overbought when it heads above 70. RSI can be used to detect general trends as well as finding divergences and failure swings. The 14-day RSI is presently standing at 47.38, the 7-day is 49.78, and the 3-day is resting at 69.62.