HarborOne Bancorp Technical Analysis (NASDAQ:HONE)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. Just by looking at the HarborOne Bancorp 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 HONE stock chart which creates a trading signal.
See HarborOne Bancorp bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. The technical analysis form of HarborOne Bancorp stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
HarborOne Bancorp Moving Average:
Moving averages help predict the price direction of HONE stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $17.4 is below the last closing price of $18.07 and the 50 day moving average of $18.42 is above the $18.07 price. The 10 and 20 day periods can predict short term moving average trends.
HarborOne Bancorp Bollinger Bands:
Bollinger bands comprise of a center line usually HONE SMA, and two HONE stock price bands above and below it. The stock is considered over brought 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 $18.07 is in the lower range of HarborOne Bancorp bollinger bands.
HarborOne Bancorp 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 HarborOne Bancorp MACD indicator can be used to identify bullish and bearish trends for the stock.
HarborOne Bancorp Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of HONE stock is 60.5. .