eHealth Technical Analysis (NASDAQ:EHTH)
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 eHealth 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 EHTH stock chart which creates a trading signal.
See eHealth bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for eHealth stock analysis that does not care for the fair value of a company but uses price and volume data only.
eHealth Moving Average
Moving averages help predict the price direction of EHTH stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $21.57 is below the last closing price of $23.3 and the 50 day moving average of $18.86 is below the last closing price of $23.3. The 10 and 20 day periods can predict short term moving average trends.
eHealth Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the EHTH stock. eHealth bollinger bands show that the stock price is $23.3, upper band is 23.89, lower band is 19.24, and the average is 21.57.
eHealth 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 eHealth MACD line is below the signal line.
eHealth 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 . 73.76 is the RSI value of EHTH stock.