Hoegh LNG Partners Technical Analysis (NYSE:HMLP)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The Hoegh LNG Partners stock price data and volume are plotted in HMLP stock charts and these trading charts form the basis of technical analysis.
See Hoegh LNG Partners 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 Hoegh LNG Partners stock analysis.
Hoegh LNG Partners Moving Average
Moving averages help predict the price direction of HMLP 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 Hoegh LNG Partners are mostly signals of long term trends and will help long term traders.
Hoegh LNG Partners Bollinger Bands
Bollinger bands comprise of a center line usually HMLP SMA, and two HMLP 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. Currently the stock price of $16.45 is in the lower range of Hoegh LNG Partners bollinger bands.
Hoegh LNG Partners 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 Hoegh LNG Partners MACD line is below the signal line.
Hoegh LNG Partners 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. 45 is the RSI value of HMLP stock.