Hanmi Financial Technical Analysis (NASDAQ:HAFC)
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. The Hanmi Financial stock price data and volume are plotted in HAFC 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 Hanmi Financial. The technical analysis form of Hanmi Financial stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Hanmi Financial Moving Average
Moving averages help predict the price direction of HAFC stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $31.18 is below the price of $31.55.
Hanmi Financial Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Hanmi Financial. 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 upper band in the context of Hanmi Financial bollinger bands.
Hanmi Financial 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 Hanmi Financial MACD line is below the signal line.
Hanmi Financial Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of HAFC stock is 49.18.