Hudson Technologies Technical Analysis (NASDAQ:HDSN)
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 Hudson Technologies 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 HDSN stock chart which creates a trading signal.
See Hudson Technologies bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking Hudson Technologies stock analysis using these technical indicators helps identify trading opportunities.
Hudson Technologies Moving Average:
Moving averages help predict the price direction of HDSN 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 $9.01 is below the price of $9.26.
Hudson Technologies Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Hudson Technologies. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $9.26 is in the lower range of Hudson Technologies bollinger bands.
Hudson Technologies 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 Hudson Technologies MACD indicator is below 0 indicating a bearish trend.
Hudson Technologies Relative Strength Index:
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . 52.45 is the RSI value of HDSN stock. .