ImmunoGen Technical Analysis (NASDAQ:IMGN)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The ImmunoGen stock price data and volume are plotted in IMGN stock charts and these trading charts form the basis of technical analysis.
See ImmunoGen bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for ImmunoGen stock analysis that does not care for the fair value of a company but uses price and volume data only.
ImmunoGen Moving Average
Moving averages show the average price of IMGN stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $9.5 is above the price of $9.24.
ImmunoGen Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like ImmunoGen. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the lower band in the context of ImmunoGen bollinger bands.
ImmunoGen 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 ImmunoGen MACD line is above the signal line.
ImmunoGen Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of IMGN stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.