Blackhawk Network Technical Analysis (NASDAQ:HAWKB)
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 Blackhawk Network stock price data and volume are plotted in HAWKB stock charts and these trading charts form the basis of technical analysis.
See Blackhawk Network bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. 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 Blackhawk Network stock analysis.
Blackhawk Network Moving Average
Moving averages show the HAWKB stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $36.65 is below the last closing price of $37.55 and the 50 day moving average of $35.88 is below the last closing price of $37.55. The 10 and 20 day periods can predict short term moving average trends.
Blackhawk Network 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 HAWKB stock. Currently the stock price of $37.55 is in the upper range of Blackhawk Network bollinger bands.
Blackhawk Network 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 Blackhawk Network MACD indicator can be used to identify bullish and bearish trends for the stock.
Blackhawk Network 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. 55.6 is the RSI value of HAWKB stock.