Hallador Energy Technical Analysis (NASDAQ:HNRG)
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. Just by looking at the Hallador Energy 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 HNRG stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Hallador Energy. Technical analysis uses an approach for Hallador Energy stock analysis that does not care for the fair value of a company but uses price and volume data only.
Hallador Energy Moving Average
Moving averages show the HNRG 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 $6 is above the last closing price of $5.87 and the 50 day moving average of $6.3 is above the last closing price of $5.87. The 10 and 20 day periods can predict short term moving average trends.
Hallador Energy Bollinger Bands
Bollinger bands comprise of a center line usually HNRG SMA, and two HNRG 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. Hallador Energy bollinger bands show that the stock price is $5.87, upper band is 6.26, lower band is 5.73, and the average is 6.
Hallador Energy 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 Hallador Energy MACD indicator is below 0 indicating a bearish trend.
Hallador Energy 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. 38.33 is the RSI value of HNRG stock.