Home Properties Technical Analysis (NYSE:HME)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. A 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.
See Home Properties bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Home Properties stock analysis.
Home Properties Moving Average:
Moving averages show the average price of HME 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 $74.8 is below the last closing price of $75.24 and the 50 day moving average of $74.46 is below the $75.24 price. The 10 and 20 day periods can predict short term moving average trends.
Home Properties Bollinger Bands:
Bollinger bands comprise of a center line usually HME SMA, and two HME stock price bands above and below it. The stock is considered over brought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $75.24 is in the lower range of Home Properties bollinger bands.
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:
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. The relative strength index of HME stock is 64.53. .