Blue Hills Bancorp Technical Analysis (NASDAQ:BHBK)
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 Blue Hills Bancorp stock price data and volume are plotted in BHBK stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Blue Hills 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 Blue Hills Bancorp stock analysis.
Blue Hills Bancorp Moving Average
Moving averages help predict the price direction of BHBK stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Blue Hills Bancorp are mostly signals of long term trends and will help long term traders.
Blue Hills Bancorp Bollinger Bands
Bollinger bands comprise of a center line usually BHBK SMA, and two BHBK stock price bands above and below it. The stock is considered overbought 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 $20.5 is in the upper range of Blue Hills Bancorp bollinger bands.
Blue Hills 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 Blue Hills Bancorp MACD indicator can be used to identify bullish and bearish trends for the stock.
Blue Hills 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 BHBK stock.