Industrias Bachoco, S.A.B. de C.V. (NYSE:IBA) shares have experienced a recent steady downtrend, causing some concern for shareholders.
In order to gauge which way a stock is trending, you must compare a stock’s share price to its moving average. Uptrending stocks trade above their moving averages, while downtrending stocks trade below.
It is important to consider the moving averages of a downtrending security. We see here that Industrias Bachoco, S.A.B. de C.V. (NYSE:IBA) is -2.09% away from the 20-Day Simple Moving Average. Their 50-Day Simple Moving Average is a difference of -7.14% from current levels. Further back, their 200-Day Simple Moving Average is -1.12% difference from today’s price. Currently, the stock is -15.78% from its 50-Day High and 2.28% from the 50-day low.
RSI and Recommendations
Industrias Bachoco, S.A.B. de C.V.’s RSI is 35.80. Based on the stock’s volatility for the week, which is a statistical measure of the dispersion of returns for a given stock and represents average daily high/low percentage range of 1.90% and month of 2.10%. Wall Street analysts have a consensus 2.00 recommendation on the stock.
Industrias Bachoco, S.A.B. de C.V. (NYSE:IBA)’s performance this year to date is 16.08%. The stock has performed -0.85% over the last seven days, -4.34% over the last thirty, and -8.31% over the last three months. Over the last six months, Industrias Bachoco, S.A.B. de C.V.’s stock has been 3.45% and 21.35% for the year.