Hawaiian Electric Technical Analysis (NYSE:HE)
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. The Hawaiian Electric stock price data and volume are plotted in HE stock charts and these trading charts form the basis of technical analysis.
See Hawaiian Electric bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Hawaiian Electric stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Hawaiian Electric Moving Average
Moving averages show the HE 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 20 day moving average of $34.97 is below the last closing price of $35.76 and the 50 day moving average of $34.5 is below the last closing price of $35.76. The 10 and 20 day periods can predict short term moving average trends.
Hawaiian Electric Bollinger Bands
Bollinger bands comprise of a center line usually HE SMA, and two HE 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. Hawaiian Electric bollinger bands show that the stock price is $35.76, upper band is 35.68, lower band is 34.26, and the average is 34.97.
Hawaiian Electric Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Hawaiian Electric MACD line is above the signal line.
Hawaiian Electric 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 HE stock is 69.45.