Health Insurance Innovations Technical Analysis (NASDAQ:HIIQ)
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 HIIQ stock chart pattern can give those who understand technical analysis an indication of which way HIIQ stock is headed, but cannot predict with 100% certainty as to what can happen to the Health Insurance Innovations stock price.
See Health Insurance Innovations bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Health Insurance Innovations stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Health Insurance Innovations Moving Average
Moving averages help predict the price direction of HIIQ 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 Health Insurance Innovations are mostly signals of long term trends and will help long term traders.
Health Insurance Innovations Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the HIIQ stock. Currently the stock price of $52.3 is in the lower range of Health Insurance Innovations bollinger bands.
Health Insurance Innovations 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 Health Insurance Innovations MACD indicator is above 0 indicating a bullish trend.
Health Insurance Innovations 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 . 57.34 is the RSI value of HIIQ stock.