Horizon Global Technical Analysis (NYSE:HZN)
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. The Horizon Global stock price data and volume are plotted in HZN 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 Horizon Global. Technical analysis uses an approach for Horizon Global stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
Horizon Global Moving Average:
HZN 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 Global chart patterns after the calculations remain the same. The 100 day moving average of 39.59 is below the last closing price of 20.89. Moving averages can be used for HZN trend identification. A rising moving average shows that stock prices are generally increasing.
Horizon Global Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Horizon Global. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the lower band in the context of Horizon Global bollinger bands.
Horizon Global 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 Horizon Global MACD line is above the signal line.
Horizon Global 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. The relative strength index of HZN stock is 63.89. .