Howard Bancorp Technical Analysis (NASDAQ:HBMD)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. The Howard Bancorp stock price data and volume are plotted in HBMD stock charts and these trading charts form the basis of technical analysis.
You can view Simple Moving Average (SMA 20 day, 50 day & 100 day), Exponential Moving Average (EMA 20 day, 50 day & 100 day) charts, and Bollinger Bands for Howard Bancorp. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Howard Bancorp stock analysis.
Howard Bancorp Moving Average:
Moving averages show the average price of HBMD stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $19.31 is below the price of $14.7.
Howard Bancorp Bollinger Bands:
Bollinger bands comprise of a center line usually HBMD SMA, and two HBMD 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. Howard Bancorp bollinger bands show that the stock price is $14.7, upper band is 30.84, lower band is 27.32, and the average is 29.08.
Howard Bancorp Moving Average Convergence Divergence or MACD:
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Howard Bancorp MACD line is below the signal line.
Howard Bancorp 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. 60 is the RSI value of HBMD stock. .