Ironwood Pharma Technical Analysis (NASDAQ:IRWD)
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 IRWD stock chart pattern can give those who understand technical analysis an indication of which way IRWD stock is headed, but cannot predict with 100% certainty as to what can happen to the Ironwood Pharma stock price.
See Ironwood Pharma bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Ironwood Pharma stock analysis that does not care for the fair value of a company but uses price and volume data only.
Ironwood Pharma Moving Average
Moving averages help predict the price direction of IRWD stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $18.27 is above the last closing price of $17.3 and the 50 day moving average of $18.9 is above the last closing price of $17.3. The 10 and 20 day periods can predict short term moving average trends.
Ironwood Pharma Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Ironwood Pharma. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Ironwood Pharma bollinger bands show that the stock price is $17.3, upper band is 19.63, lower band is 16.91, and the average is 18.27.
Ironwood Pharma 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 Ironwood Pharma MACD indicator can be used to identify bullish and bearish trends for the stock.
Ironwood Pharma 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. 31.95 is the RSI value of IRWD stock.