Healthcare Services Technical Analysis (NASDAQ:HCSG)
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 Healthcare Services 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 HCSG stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Healthcare Services. The technical analysis form of Healthcare Services stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Healthcare Services Moving Average
Moving averages show the average price of HCSG stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $38.08 is above the last closing price of $37.08 and the 50 day moving average of $41 is above the last closing price of $37.08. The 10 and 20 day periods can predict short term moving average trends.
Healthcare Services 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 HCSG stock. Currently the stock price of $37.08 is in the lower range of Healthcare Services bollinger bands.
Healthcare Services 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 Healthcare Services MACD indicator can be used to identify bullish and bearish trends for the stock.
Healthcare Services 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 HCSG stock is 37.19.