First Horizon National Technical Analysis (NYSE:FHN)
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. Just by looking at the First Horizon National stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the FHN stock chart which creates a trading signal.
See First Horizon National bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis uses an approach for First Horizon National stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
First Horizon National Moving Average:
Moving averages show the FHN stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). Moving averages can be used for FHN trend identification. A rising moving average shows that stock prices are generally increasing.
First Horizon National Bollinger Bands:
Bollinger bands comprise of a center line usually FHN SMA, and two FHN stock price bands above and below it. The stock is considered over brought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $20.18 is in the lower range of First Horizon National bollinger bands.
First Horizon National Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The First Horizon National MACD indicator is below 0 indicating a bearish trend.
First Horizon National 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 FHN stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .