HarborOne Bancorp Technical Analysis (NASDAQ:HONE)
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. The HarborOne Bancorp stock price data and volume are plotted in HONE stock charts and these trading charts form the basis of technical analysis.
See HarborOne Bancorp bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. 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 HarborOne Bancorp stock analysis.
HarborOne Bancorp Moving Average
Moving averages show the average price of HONE 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 HarborOne Bancorp are mostly signals of long term trends and will help long term traders.
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 overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. HarborOne Bancorp bollinger bands show that the stock price is $18.45, upper band is 18.86, lower band is 18.17, and the average is 18.52.
HarborOne Bancorp 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 HarborOne Bancorp MACD line is above the signal line.
HarborOne Bancorp 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 HONE stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.