IF Bancorp Technical Analysis (NASDAQ:IROQ)
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. Just by looking at the IF Bancorp 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 IROQ stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for IF Bancorp. The technical analysis form of IF Bancorp stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
IF Bancorp Moving Average
Moving averages show the average price of IROQ stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $20.09 is above the last closing price of $19.98 and the 50 day moving average of $19.89 is below the last closing price of $19.98. The 10 and 20 day periods can predict short term moving average trends.
IF Bancorp Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like IF Bancorp. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $19.98 is in the lower range of IF Bancorp bollinger bands.
IF Bancorp 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 IF Bancorp MACD indicator can be used to identify bullish and bearish trends for the stock.
IF Bancorp 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 IROQ stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.