BofI Holding Technical Analysis (NASDAQ:BOFI)
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 BOFI stock chart pattern can give those who understand technical analysis an indication of which way BOFI stock is headed, but cannot predict with 100% certainty as to what can happen to the BofI Holding stock price.
See BofI Holding bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of BofI Holding stock analysis.
BofI Holding Moving Average
Moving averages show the average price of BOFI stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. 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 consist of two price bands above and below a center line for any company stock like BofI Holding. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. BofI Holding bollinger bands show that the stock price is $40.61, upper band is 42.34, lower band is 38.68, and the average is 40.51.
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 is above 0 indicating a bullish trend.
BofI Holding 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 BOFI stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.