Ituran Location and Control Technical Analysis (NASDAQ:ITRN)
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 ITRN stock chart pattern can give those who understand technical analysis an indication of which way ITRN stock is headed, but cannot predict with 100% certainty as to what can happen to the Ituran Location and Control stock price.
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 Ituran Location and Control. Technical analysis uses an approach for Ituran Location and Control stock analysis that does not care for the fair value of a company but uses price and volume data only.
Ituran Location and Control Moving Average
Moving averages help predict the price direction of ITRN stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Ituran Location and Control are mostly signals of long term trends and will help long term traders.
Ituran Location and Control Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the ITRN stock. Ituran Location and Control bollinger bands show that the stock price is $33.15, upper band is 34.81, lower band is 32.87, and the average is 33.84.
Ituran Location and Control 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 Ituran Location and Control MACD indicator is below 0 indicating a bearish trend.
Ituran Location and Control 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 ITRN stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.