Hugoton Royalty Technical Analysis (NYSE:HGT)
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. The HGT stock chart pattern can give those who understand technical analysis an indication of which way HGT stock is headed, but cannot predict with 100% certainty as to what can happen to the Hugoton Royalty stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Hugoton Royalty. Technical analysis uses an approach for Hugoton Royalty stock analysis that does not care for the fair value of a company but uses price and volume data only.
Hugoton Royalty Moving Average
Moving averages show the average price of HGT stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $0.56 is above the price of $0.41.
Hugoton Royalty Bollinger Bands
Bollinger bands comprise of a center line usually HGT SMA, and two HGT 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. Hugoton Royalty bollinger bands show that the stock price is $0.41, upper band is 0.71, lower band is 0.4, and the average is 0.56.
Hugoton Royalty 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 Hugoton Royalty MACD indicator is below 0 indicating a bearish trend.
Hugoton Royalty Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of HGT stock is 33.2.