Orix Technical Analysis (NYSE:IX)
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. When a chart pattern that can predict future Orix stock price movements is formed, the IX stock chart can become a key tool for a technical analyst.
See Orix bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking Orix stock analysis using these technical indicators helps identify trading opportunities.
Orix Moving Average:
IX stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of Orix chart patterns after the calculations remain the same. The 100 day moving average of 79.59 is below the last closing price of 81.19. Moving averages can be used for IX trend identification. A rising moving average shows that stock prices are generally increasing.
Orix Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Orix. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $81.19 is in the upper range of Orix bollinger bands.
Orix 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 Orix MACD indicator is above 0 indicating a bullish trend.
Orix 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 . The relative strength index of IX stock is 56.23. .