Independence Realty Trust Technical Analysis (NYSE:IRT)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The Independence Realty Trust stock price data and volume are plotted in IRT 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 Independence Realty Trust. Technical analysis uses an approach for Independence Realty Trust stock analysis that does not care for the fair value of a company but uses price and volume data only.
Independence Realty Trust Moving Average
Moving averages show the IRT 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 $8.95 is above the last closing price of $8.78 and the 50 day moving average of $9.57 is above the last closing price of $8.78. The 10 and 20 day periods can predict short term moving average trends.
Independence Realty Trust Bollinger Bands
Bollinger bands comprise of a center line usually IRT SMA, and two IRT 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 lower band in the context of Independence Realty Trust bollinger bands.
Independence Realty Trust 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 Independence Realty Trust MACD line is below the signal line.
Independence Realty Trust Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. The relative strength index of IRT stock is 39.68.