Hecla Mining Technical Analysis (NYSE:HL)
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. A HL stock chart pattern can give those who understand technical analysis an indication of which way HL stock is headed, but cannot predict with 100% certainty as to what can happen to the Hecla Mining stock price.
See Hecla Mining bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. The technical analysis form of Hecla Mining stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Hecla Mining Moving Average:
Moving averages help predict the price direction of HL stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A rise in trend over the long term indicates a long term uptrend. Similarly a falling HL moving average implies that Hecla Mining stock price is falling.
Hecla Mining Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of Hecla Mining stock price relative to previous trades. Hecla Mining bollinger bands show that the stock price is $4.87, upper band is 8.52, lower band is 7.6, and the average is 8.06.
Hecla Mining 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 Hecla Mining MACD indicator can be used to identify bullish and bearish trends for the stock.
Hecla Mining Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. If the RSI of HL stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .