HomeStreet Technical Analysis (NASDAQ:HMST)
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 HMST stock chart pattern can give those who understand technical analysis an indication of which way HMST stock is headed, but cannot predict with 100% certainty as to what can happen to the HomeStreet stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for HomeStreet. 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 HomeStreet stock analysis.
HomeStreet Moving Average
Moving averages show the HMST 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. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $27.99 is below the price of $28.45.
HomeStreet Bollinger Bands
Bollinger bands comprise of a center line usually HMST SMA, and two HMST 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 $28.45 is in the upper range of HomeStreet bollinger bands.
HomeStreet 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 HomeStreet MACD indicator can be used to identify bullish and bearish trends for the stock.
HomeStreet 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 . The relative strength index of HMST stock is 67.5.