BofI Holding Technical Analysis (NASDAQ:BOFI)
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. Just by looking at the BofI Holding stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the BOFI stock chart which creates a trading signal.
See BofI Holding bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis uses an approach for BofI Holding stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
BofI Holding Moving Average:
BOFI stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of BofI Holding chart patterns after the calculations remain the same. The 100 day moving average of 27.16 is below the last closing price of 27.47. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for BofI Holding are mostly signals of long term trends and will help long term traders.
BofI Holding Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of BofI Holding stock price relative to previous trades. BofI Holding bollinger bands show that the stock price is $27.47, upper band is 10.03, lower band is 8.8, and the average is 9.41.
BofI Holding Moving Average Convergence Divergence or MACD:
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The BofI Holding MACD indicator can be used to identify bullish and bearish trends for the stock.
BofI Holding Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. If the RSI of BOFI stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .