Helios and Matheson Analytics Technical Analysis (NASDAQ:HMNY)
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 Helios and Matheson Analytics stock price data and volume are plotted in HMNY stock charts and these trading charts form the basis of technical analysis.
See Helios and Matheson Analytics bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Helios and Matheson Analytics stock analysis that does not care for the fair value of a company but uses price and volume data only.
Helios and Matheson Analytics Moving Average
Moving averages show the HMNY 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 longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Helios and Matheson Analytics are mostly signals of long term trends and will help long term traders.
Helios and Matheson Analytics Bollinger Bands
Bollinger bands comprise of a center line usually HMNY SMA, and two HMNY 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. The stock price is trading between the average and the lower band in the context of Helios and Matheson Analytics bollinger bands.
Helios and Matheson Analytics 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 Helios and Matheson Analytics MACD line is below the signal line.
Helios and Matheson Analytics 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. 39.06 is the RSI value of HMNY stock.