iShares NASDAQ Biotech Index ETF Technical Analysis (NASDAQ:IBB)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical Charts or trading charts. The iShares NASDAQ Biotech Index ETF Price data and volume are plotted in IBB Charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for iShares NASDAQ Biotech Index ETF. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use Price movements for this form of iShares NASDAQ Biotech Index ETF Analysis.
iShares NASDAQ Biotech Index ETF Moving Average
Moving averages show the IBB Price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for iShares NASDAQ Biotech Index ETF are mostly signals of long term trends and will help long term traders.
iShares NASDAQ Biotech Index ETF Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the IBB stock. iShares NASDAQ Biotech Index ETF bollinger bands show that the Price is $104.96, upper band is 108.74, lower band is 101.76, and the average is 105.25.
iShares NASDAQ Biotech Index ETF Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the Price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current Price trend could come to an end, when the Price diverges from MACD. The iShares NASDAQ Biotech Index ETF MACD line is above the signal line.
iShares NASDAQ Biotech Index ETF Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of IBB stock is 55.91.