Hortonworks Technical Analysis (NASDAQ:HDP)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the Hortonworks 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 HDP stock chart which creates a trading signal.
See Hortonworks bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Hortonworks stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Hortonworks Moving Average
Moving averages show the HDP 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. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Hortonworks are mostly signals of long term trends and will help long term traders.
Hortonworks Bollinger Bands
Bollinger bands comprise of a center line usually HDP SMA, and two HDP 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. The stock price is trading between the average and the upper band in the context of Hortonworks bollinger bands.
Hortonworks 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 Hortonworks MACD indicator is below 0 indicating a bearish trend.
Hortonworks 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 HDP stock is 60.27.