InterOil Technical Analysis (NYSE:IOC)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The IOC stock chart pattern can give those who understand technical analysis an indication of which way IOC stock is headed, but cannot predict with 100% certainty as to what can happen to the InterOil stock price.
See InterOil bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for InterOil stock analysis that does not care for the fair value of a company but uses price and volume data only.
InterOil Moving Average
Moving averages show the average price of IOC 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 $48.13 is below the price of $48.36.
InterOil Bollinger Bands
Bollinger bands comprise of a center line usually IOC SMA, and two IOC 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. The stock price is trading between the average and the upper band in the context of InterOil bollinger bands.
InterOil 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 InterOil MACD indicator can be used to identify bullish and bearish trends for the stock.
InterOil 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 . If the RSI of IOC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.