IntriCon Technical Analysis (NASDAQ:IIN)
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 IIN stock chart pattern can give those who understand technical analysis an indication of which way IIN stock is headed, but cannot predict with 100% certainty as to what can happen to the IntriCon stock price.
See IntriCon 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 IntriCon stock analysis.
IntriCon Moving Average
Moving averages help predict the price direction of IIN 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 $60.07 is below the last closing price of $62.7 and the 50 day moving average of $49.54 is below the last closing price of $62.7. The 10 and 20 day periods can predict short term moving average trends.
IntriCon Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like IntriCon. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. IntriCon bollinger bands show that the stock price is $62.7, upper band is 71.3, lower band is 48.84, and the average is 60.07.
IntriCon 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 IntriCon MACD indicator is below 0 indicating a bearish trend.
IntriCon Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 59.32 is the RSI value of IIN stock.