Home Properties Technical Analysis (NYSE:HME)
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 HME stock chart pattern can give those who understand technical analysis an indication of which way HME stock is headed, but cannot predict with 100% certainty as to what can happen to the Home Properties stock price.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Home Properties. The technical analysis form of Home Properties stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Home Properties Moving Average
Moving averages help predict the price direction of HME 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 Home Properties are mostly signals of long term trends and will help long term traders.
Home Properties Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Home Properties. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Home Properties bollinger bands show that the stock price is $75.24, upper band is 75.28, lower band is 74.31, and the average is 74.8.
Home Properties 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 Home Properties MACD line is above the signal line.
Home Properties 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 . If the RSI of HME stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.