IDACORP Technical Analysis (NYSE:IDA)
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. The IDACORP stock price data and volume are plotted in IDA stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for IDACORP. The technical analysis form of IDACORP stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
IDACORP Moving Average
Moving averages help predict the price direction of IDA stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $94.94 is below the last closing price of $98.91 and the 50 day moving average of $92.59 is below the last closing price of $98.91. The 10 and 20 day periods can predict short term moving average trends.
IDACORP Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like IDACORP. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. IDACORP bollinger bands show that the stock price is $98.91, upper band is 97.99, lower band is 91.89, and the average is 94.94.
IDACORP Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The IDACORP MACD indicator can be used to identify bullish and bearish trends for the stock.
IDACORP Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 71.71 is the RSI value of IDA stock.