InnerWorkings Technical Analysis (NASDAQ:INWK)
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 INWK stock chart pattern can give those who understand technical analysis an indication of which way INWK stock is headed, but cannot predict with 100% certainty as to what can happen to the InnerWorkings stock price.
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 InnerWorkings. The technical analysis form of InnerWorkings stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
InnerWorkings Moving Average
Moving averages show the INWK stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $9.52 is above the last closing price of $8.71 and the 50 day moving average of $9.42 is above the last closing price of $8.71. The 10 and 20 day periods can predict short term moving average trends.
InnerWorkings Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like InnerWorkings. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $8.71 is in the lower range of InnerWorkings bollinger bands.
InnerWorkings Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The InnerWorkings MACD indicator can be used to identify bullish and bearish trends for the stock.
InnerWorkings Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . The relative strength index of INWK stock is 13.99.