HDFC Bank Technical Analysis (NYSE:HDB)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The HDFC Bank stock price data and volume are plotted in HDB 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 HDFC Bank. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking HDFC Bank stock analysis using these technical indicators helps identify trading opportunities.
HDFC Bank Moving Average:
Moving averages show the HDB stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for HDFC Bank are mostly signals of long term trends and will help long term traders.
HDFC Bank Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of HDFC Bank stock price relative to previous trades. Currently the stock price of $73 is in the lower range of HDFC Bank bollinger bands.
HDFC Bank 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 HDFC Bank MACD line is above the signal line.
HDFC Bank 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 HDB stock is 57.66. .