IMPINJ INC Technical Analysis (NASDAQ:PI)
Technical chart patterns are studied in depth by people who strongly believe in technical analysis. These type of investors who look at trading charts or technical stock charts are usually traders rather than value investors. The IMPINJ INC stock price data and volume are plotted in PI stock charts and these trading charts form the basis of technical analysis.
See IMPINJ INC bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis uses an approach for IMPINJ INC stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
IMPINJ INC Moving Average:
Moving averages show the PI stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). A rise in trend over the long term indicates a long term uptrend. Similarly a falling PI moving average implies that IMPINJ INC stock price is falling.
IMPINJ INC Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like IMPINJ INC. 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 lower band in the context of IMPINJ INC bollinger bands.
IMPINJ INC 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 IMPINJ INC MACD indicator can be used to identify bullish and bearish trends for the stock.
IMPINJ INC 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. If the RSI of PI stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .