HOPE BANCORP Technical Analysis (NASDAQ:HOPE)
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. The HOPE BANCORP stock price data and volume are plotted in HOPE stock charts and these trading charts form the basis of technical analysis.
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 HOPE BANCORP. The technical analysis form of HOPE 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.
HOPE BANCORP Moving Average
Moving averages show the average price of HOPE 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 HOPE BANCORP are mostly signals of long term trends and will help long term traders.
HOPE BANCORP Bollinger Bands
Bollinger bands comprise of a center line usually HOPE SMA, and two HOPE 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 $17.66 is in the lower range of HOPE BANCORP bollinger bands.
HOPE 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 HOPE BANCORP MACD indicator is below 0 indicating a bearish trend.
HOPE 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. 39.88 is the RSI value of HOPE stock.