FIRST HAWAIIAN Technical Analysis (NASDAQ:FHB)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. Just by looking at the FIRST HAWAIIAN 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 FHB stock chart which creates a trading signal.
See FIRST HAWAIIAN bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis uses an approach for FIRST HAWAIIAN stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
FIRST HAWAIIAN Moving Average:
Moving averages help predict the price direction of FHB stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. Moving averages can be used for FHB trend identification. A rising moving average shows that stock prices are generally increasing.
FIRST HAWAIIAN Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of FIRST HAWAIIAN stock price relative to previous trades. FIRST HAWAIIAN bollinger bands show that the stock price is $28.97, upper band is 27.57, lower band is 24.34, and the average is 25.95.
FIRST HAWAIIAN 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 FIRST HAWAIIAN MACD indicator is above 0 indicating a bullish trend.
FIRST HAWAIIAN 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 . If the RSI of FHB stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .