HOMETOWN BANKSH Technical Analysis (NASDAQ:HMTA)
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. Just by looking at the HOMETOWN BANKSH stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the HMTA stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for HOMETOWN BANKSH. 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 HOMETOWN BANKSH stock analysis.
HOMETOWN BANKSH Moving Average
Moving averages help predict the price direction of HMTA stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $11.47 is below the price of $11.8.
HOMETOWN BANKSH Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like HOMETOWN BANKSH. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the upper band in the context of HOMETOWN BANKSH bollinger bands.
HOMETOWN BANKSH Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The HOMETOWN BANKSH MACD line is above the signal line.
HOMETOWN BANKSH Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 66.99 is the RSI value of HMTA stock.