Hudson City Bancorp Technical Analysis (NASDAQ:HCBK)
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. Just by looking at the Hudson City 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 HCBK 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 Hudson City Bancorp. Technical analysis uses an approach for Hudson City Bancorp stock analysis that does not care for the fair value of a company but uses price and volume data only.
Hudson City Bancorp Moving Average
Moving averages help predict the price direction of HCBK 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 $9.94 is below the price of $10.12.
Hudson City Bancorp 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 HCBK stock. Currently the stock price of $10.12 is in the upper range of Hudson City Bancorp bollinger bands.
Hudson City 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 Hudson City Bancorp MACD line is above the signal line.
Hudson City Bancorp 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. The relative strength index of HCBK stock is 51.5.