ITUS Corp Technical Analysis (NASDAQ:ITUS)
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 ITUS Corp 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 ITUS stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for ITUS Corp. Technical analysis uses an approach for ITUS Corp stock analysis that does not care for the fair value of a company but uses price and volume data only.
ITUS Corp Moving Average
Moving averages show the average price of ITUS stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for ITUS Corp are mostly signals of long term trends and will help long term traders.
ITUS Corp Bollinger Bands
Bollinger bands comprise of a center line usually ITUS SMA, and two ITUS 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 upper band in the context of ITUS Corp bollinger bands.
ITUS Corp Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The ITUS Corp MACD line is above the signal line.
ITUS Corp 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 . 52 is the RSI value of ITUS stock.