Hardinge Technical Analysis (NASDAQ:HDNG)
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 Hardinge 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 HDNG 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 Hardinge. Technical analysis uses an approach for Hardinge stock analysis that does not care for the fair value of a company but uses price and volume data only.
Hardinge Moving Average
Moving averages show the HDNG 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. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $18.39 is below the price of $18.5.
Hardinge Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Hardinge. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the upper band in the context of Hardinge bollinger bands.
Hardinge 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 Hardinge MACD line is above the signal line.
Hardinge 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. If the RSI of HDNG stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.