II-VI Inc Technical Analysis (NASDAQ:IIVI)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The IIVI stock chart pattern can give those who understand technical analysis an indication of which way IIVI stock is headed, but cannot predict with 100% certainty as to what can happen to the II-VI Inc stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for II-VI Inc. Technical analysis uses an approach for II-VI Inc stock analysis that does not care for the fair value of a company but uses price and volume data only.
II-VI Inc Moving Average
Moving averages show the average price of IIVI 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 $43.85 is below the last closing price of $44.9 and the 50 day moving average of $43.01 is below the last closing price of $44.9. The 10 and 20 day periods can predict short term moving average trends.
II-VI Inc Bollinger Bands
Bollinger bands comprise of a center line usually IIVI SMA, and two IIVI 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. II-VI Inc bollinger bands show that the stock price is $44.9, upper band is 47.99, lower band is 39.71, and the average is 43.85.
II-VI Inc 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 II-VI Inc MACD line is below the signal line.
II-VI Inc 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. 60.36 is the RSI value of IIVI stock.