Horizon Bancorp Technical Analysis (NASDAQ:HBNC)
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. When a chart pattern that can predict future Horizon Bancorp stock price movements is formed, the HBNC stock chart can become a key tool for a technical analyst.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Horizon 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 Horizon Bancorp stock analysis.
Horizon Bancorp Moving Average:
HBNC 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 Horizon Bancorp chart patterns after the calculations remain the same. The 100 day moving average of 17.33 is below the last closing price of 24.45. 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 HBNC stock price movement for the moving average to change course.
Horizon Bancorp Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Horizon Bancorp. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Horizon Bancorp bollinger bands show that the stock price is $24.45, upper band is 30.84, lower band is 27.32, and the average is 29.08.
Horizon Bancorp 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 Horizon Bancorp MACD indicator is below 0 indicating a bearish trend.
Horizon Bancorp 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 HBNC stock is 60. .