HomeTrust Bancshares Technical Analysis (NASDAQ:HTBI)
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. Just by looking at the HomeTrust Bancshares stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the HTBI stock chart which creates a trading signal.
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 HomeTrust Bancshares. The technical analysis form of HomeTrust Bancshares stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
HomeTrust Bancshares Moving Average:
HTBI 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 HomeTrust Bancshares chart patterns after the calculations remain the same. The 100 day moving average of 24.11 is above the last closing price of 22.35. Moving averages can be used for HTBI trend identification. A rising moving average shows that stock prices are generally increasing.
HomeTrust Bancshares Bollinger Bands:
Bollinger bands comprise of a center line usually HTBI SMA, and two HTBI 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. Currently the stock price of $22.35 is in the lower range of HomeTrust Bancshares bollinger bands.
HomeTrust Bancshares 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 HomeTrust Bancshares MACD indicator can be used to identify bullish and bearish trends for the stock.
HomeTrust Bancshares Relative Strength Index:
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . The relative strength index of HTBI stock is 20.83. .