Ideal Power Technical Analysis (NASDAQ:IPWR)
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. Just by looking at the Ideal Power 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 IPWR stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Ideal Power. 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 Ideal Power stock analysis.
Ideal Power Moving Average
Moving averages help predict the price direction of IPWR stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $1.23 is below the price of $1.25.
Ideal Power Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Ideal Power. 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 upper band in the context of Ideal Power bollinger bands.
Ideal Power 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 Ideal Power MACD line is above the signal line.
Ideal Power Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of IPWR stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.