Ebix Technical Analysis (NASDAQ:EBIX)
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 Ebix 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 EBIX stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Ebix. 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 Ebix stock analysis.
Ebix Moving Average
Moving averages show the average price of EBIX stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $80.88 is above the last closing price of $75.05 and the 50 day moving average of $81.96 is above the last closing price of $75.05. The 10 and 20 day periods can predict short term moving average trends.
Ebix Bollinger Bands
Bollinger bands comprise of a center line usually EBIX SMA, and two EBIX 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. Currently the stock price of $75.05 is in the lower range of Ebix bollinger bands.
Ebix 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 Ebix MACD indicator can be used to identify bullish and bearish trends for the stock.
Ebix 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 EBIX stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.