Hanmi Financial Technical Analysis (NASDAQ:HAFC)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The Hanmi Financial stock price data and volume are plotted in HAFC stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Hanmi Financial. The technical analysis form of Hanmi Financial stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Hanmi Financial Moving Average:
Moving averages help predict the price direction of HAFC stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. One needs to choose the duration of a moving average depending on the investment objective and investment horizon. For periods greater than 100, it takes a larger and longer HAFC stock price movement for the moving average to change course.
Hanmi Financial Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Hanmi Financial. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $29.45 is in the upper range of Hanmi Financial bollinger bands.
Hanmi Financial 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 Hanmi Financial MACD indicator can be used to identify bullish and bearish trends for the stock.
Hanmi Financial Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. If the RSI of HAFC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .