Innodata Technical Analysis (NASDAQ:INOD)
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 Innodata stock price data and volume are plotted in INOD stock charts and these trading charts form the basis of technical analysis.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Innodata. 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 Innodata stock analysis.
Innodata Moving Average
Moving averages show the average price of INOD stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Innodata are mostly signals of long term trends and will help long term traders.
Innodata Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Innodata. 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 Innodata bollinger bands.
Innodata 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 Innodata MACD indicator is below 0 indicating a bearish trend.
Innodata Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of INOD stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.