HD Supply Technical Analysis (NASDAQ:HDS)
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. The HD Supply stock price data and volume are plotted in HDS stock charts and these trading charts form the basis of technical analysis.
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 HD Supply. The technical analysis form of HD Supply stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
HD Supply Moving Average
Moving averages help predict the price direction of HDS stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for HD Supply are mostly signals of long term trends and will help long term traders.
HD Supply Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like HD Supply. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. HD Supply bollinger bands show that the stock price is $44.3, upper band is 45.09, lower band is 42.75, and the average is 43.92.
HD Supply 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 HD Supply MACD indicator can be used to identify bullish and bearish trends for the stock.
HD Supply 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 HDS stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.