Horizon Bancorp Technical Analysis (NASDAQ:HBNC)
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 Horizon Bancorp stock price data and volume are plotted in HBNC stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Horizon Bancorp. 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 Horizon Bancorp stock analysis.
Horizon Bancorp Moving Average
Moving averages help predict the price direction of HBNC 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 $29.68 is above the price of $29.53.
Horizon Bancorp Bollinger Bands
Bollinger bands comprise of a center line usually HBNC SMA, and two HBNC stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $29.53 is in the lower range of Horizon Bancorp bollinger bands.
Horizon Bancorp Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Horizon Bancorp MACD line is below the signal line.
Horizon Bancorp 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 . 40.32 is the RSI value of HBNC stock.