Huaneng Power Technical Analysis (NYSE:HNP)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The HNP stock chart pattern can give those who understand technical analysis an indication of which way HNP stock is headed, but cannot predict with 100% certainty as to what can happen to the Huaneng Power 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 Huaneng Power. The technical analysis form of Huaneng Power stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Huaneng Power Moving Average
Moving averages show the average price of HNP stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Huaneng Power are mostly signals of long term trends and will help long term traders.
Huaneng Power Bollinger Bands
Bollinger bands comprise of a center line usually HNP SMA, and two HNP 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 $26.39 is in the lower range of Huaneng Power bollinger bands.
Huaneng Power 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 Huaneng Power MACD indicator can be used to identify bullish and bearish trends for the stock.
Huaneng Power 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 HNP stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.