Hartford Financial Technical Analysis (NYSE:HIG)
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 Hartford Financial stock price data and volume are plotted in HIG stock charts and these trading charts form the basis of technical analysis.
See Hartford Financial bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Hartford Financial stock analysis that does not care for the fair value of a company but uses price and volume data only.
Hartford Financial Moving Average
Moving averages show the average price of HIG stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $52.93 is below the last closing price of $53.05 and the 50 day moving average of $52.67 is below the last closing price of $53.05. The 10 and 20 day periods can predict short term moving average trends.
Hartford Financial Bollinger Bands
Bollinger bands comprise of a center line usually HIG SMA, and two HIG 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. Hartford Financial bollinger bands show that the stock price is $53.05, upper band is 53.83, lower band is 52.03, and the average is 52.93.
Hartford Financial 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 Hartford Financial MACD indicator can be used to identify bullish and bearish trends for the stock.
Hartford Financial 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 HIG stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.