ICHOR HOLDINGS Technical Analysis (NASDAQ:ICHR)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. Just by looking at the ICHOR HOLDINGS 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 ICHR stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for ICHOR HOLDINGS. Technical analysis uses an approach for ICHOR HOLDINGS stock analysis that does not care for the fair value of a company but uses price and volume data only.
ICHOR HOLDINGS Moving Average
Moving averages help predict the price direction of ICHR stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $24.16 is above the price of $22.2.
ICHOR HOLDINGS Bollinger Bands
Bollinger bands comprise of a center line usually ICHR SMA, and two ICHR 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 $22.2 is in the lower range of ICHOR HOLDINGS bollinger bands.
ICHOR HOLDINGS Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The ICHOR HOLDINGS MACD indicator can be used to identify bullish and bearish trends for the stock.
ICHOR HOLDINGS Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . The relative strength index of ICHR stock is 8.02.