Harman International Technical Analysis (NYSE:HAR)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. A HAR stock chart pattern can give those who understand technical analysis an indication of which way HAR stock is headed, but cannot predict with 100% certainty as to what can happen to the Harman International stock price.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Harman International. Technical analysis uses an approach for Harman International stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
Harman International Moving Average:
HAR stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of Harman International chart patterns after the calculations remain the same. The 100 day moving average of 10.21 is below the last closing price of 111.01. A rise in trend over the long term indicates a long term uptrend. Similarly a falling HAR moving average implies that Harman International stock price is falling.
Harman International Bollinger Bands:
Bollinger bands comprise of a center line usually HAR SMA, and two HAR 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. The stock price is trading between the average and the lower band in the context of Harman International bollinger bands.
Harman International Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Harman International MACD line is below the signal line.
Harman International Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of HAR stock is 74.61. .