eHi Car Services Technical Analysis (NYSE:EHIC)

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$12.93 $0.1 (0.77%) EHIC stock closing price Jul 20, 2018 (Closing)

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 eHi Car Services 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 EHIC stock chart which creates a trading signal.

See eHi Car Services bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of eHi Car Services stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.

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eHi Car Services Moving Average

Moving averages help predict the price direction of EHIC 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 eHi Car Services are mostly signals of long term trends and will help long term traders.

eHi Car Services Bollinger Bands

Bollinger bands comprise of a center line usually EHIC SMA, and two EHIC 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. The stock price is trading between the average and the lower band in the context of eHi Car Services bollinger bands.

eHi Car Services 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 eHi Car Services MACD indicator is below 0 indicating a bearish trend.

eHi Car Services 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 EHIC stock is 49.11.