International General Insurance Holdings Ltd Bermuda (IGIC) Technical Analysis

International General Insurance Holdings Ltd Bermuda (IGIC) is a company that provides general insurance services in various markets around the world. As an insurance provider, IGIC is constantly monitoring and analyzing the technical indicators of its stock to make informed investment decisions. Technical analysis is the study of historical price and volume data to predict future price movements. By analyzing various technical indicators, such as RSI, ADX, MACD, ROC, STOCHRSI, and WILLR, IGIC can assess the current and future market trends and make more reliable predictions about its stock performance.

The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It ranges from 0 to 100 and is often used to identify overbought or oversold conditions. IGIC tracks its stock's RSI to determine if it is overbought or oversold, which can help them make decisions about buying or selling the stock. The Average Directional Index (ADX) is another indicator used by IGIC to measure the strength of a stock's trend. It ranges from 0 to 100 and is often used to identify the presence or absence of a trend. IGIC analyzes the ADX to determine if its stock is trending or not.