Howard Bancorp Technical Analysis (NASDAQ:HBMD)
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. Just by looking at the Howard Bancorp 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 HBMD stock chart which creates a trading signal.
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 Howard Bancorp. Technical analysis uses an approach for Howard Bancorp stock analysis that does not care for the fair value of a company but uses price and volume data only.
Howard Bancorp Moving Average
Moving averages show the average price of HBMD stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $18.16 is below the price of $19.25.
Howard Bancorp Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Howard Bancorp. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Howard Bancorp bollinger bands show that the stock price is $19.25, upper band is 19.08, lower band is 17.24, and the average is 18.16.
Howard Bancorp 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 Howard Bancorp MACD indicator can be used to identify bullish and bearish trends for the stock.
Howard Bancorp Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of HBMD stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.