IGM Biosciences (IGMS) Technical Analysis

IGM Biosciences Inc (IGMS) is a biotechnology company that focuses on the research and development of innovative antibody-based therapeutics for the treatment of cancer. The company utilizes advanced techniques and technologies to discover and develop novel drugs that target specific tumor antigens. One of the fundamental tools used in the evaluation of the company's stock performance is technical analysis.

Technical analysis is a method that utilizes historical price and volume data to predict future stock price movements. It involves the study of various technical indicators that provide insights into the strength and direction of a stock's trend. Some of the commonly used technical indicators for IGMS stock include the Relative Strength Index (RSI), Average Directional Index (ADX), Moving Average Convergence Divergence (MACD), Rate of Change (ROC), Stochastic Relative Strength Index (STOCHRSI), and Williams %R (WILLR).