Iteris Technical Analysis (NASDAQ:ITI)
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 Iteris stock price data and volume are plotted in ITI stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Iteris. The technical analysis form of Iteris stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Iteris Moving Average
Moving averages help predict the price direction of ITI 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 $5.7 is below the last closing price of $5.79 and the 50 day moving average of $6.41 is above the last closing price of $5.79. The 10 and 20 day periods can predict short term moving average trends.
Iteris Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Iteris. 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 Iteris bollinger bands.
Iteris 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 Iteris MACD indicator can be used to identify bullish and bearish trends for the stock.
Iteris 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 ITI stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.