CHIPMOS TEC ADR Technical Analysis (NASDAQ:IMOS)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. Just by looking at the CHIPMOS TEC ADR 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 IMOS stock chart which creates a trading signal.
See CHIPMOS TEC ADR bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis uses an approach for CHIPMOS TEC ADR stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
CHIPMOS TEC ADR Moving Average:
Moving averages help predict the price direction of IMOS stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A rise in trend over the long term indicates a long term uptrend. Similarly a falling IMOS moving average implies that CHIPMOS TEC ADR stock price is falling.
CHIPMOS TEC ADR Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of CHIPMOS TEC ADR stock price relative to previous trades. Currently the stock price of $16.86 is in the upper range of CHIPMOS TEC ADR bollinger bands.
CHIPMOS TEC ADR 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 CHIPMOS TEC ADR MACD indicator is below 0 indicating a bearish trend.
CHIPMOS TEC ADR Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. If the RSI of IMOS stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .