HMN Financial Technical Analysis (NASDAQ:HMNF)
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 HMNF stock chart pattern can give those who understand technical analysis an indication of which way HMNF stock is headed, but cannot predict with 100% certainty as to what can happen to the HMN Financial 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 HMN Financial. 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 HMN Financial stock analysis.
HMN Financial Moving Average
Moving averages show the HMNF stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $19.97 is below the last closing price of $21 and the 50 day moving average of $19.56 is below the last closing price of $21. The 10 and 20 day periods can predict short term moving average trends.
HMN Financial Bollinger Bands
Bollinger bands comprise of a center line usually HMNF SMA, and two HMNF 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. HMN Financial bollinger bands show that the stock price is $21, upper band is 20.48, lower band is 19.45, and the average is 19.97.
HMN Financial 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 HMN Financial MACD indicator can be used to identify bullish and bearish trends for the stock.
HMN Financial 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. If the RSI of HMNF stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.