Heritage Insurance Technical Analysis (NYSE:HRTG)
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 HRTG stock chart pattern can give those who understand technical analysis an indication of which way HRTG stock is headed, but cannot predict with 100% certainty as to what can happen to the Heritage Insurance 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 Heritage Insurance. 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 Heritage Insurance stock analysis.
Heritage Insurance Moving Average
Moving averages show the HRTG 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 $16.44 is below the last closing price of $17.94 and the 50 day moving average of $16.27 is below the last closing price of $17.94. The 10 and 20 day periods can predict short term moving average trends.
Heritage Insurance Bollinger Bands
Bollinger bands comprise of a center line usually HRTG SMA, and two HRTG 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. Heritage Insurance bollinger bands show that the stock price is $17.94, upper band is 18.34, lower band is 14.54, and the average is 16.44.
Heritage Insurance 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 Heritage Insurance MACD indicator is above 0 indicating a bullish trend.
Heritage Insurance 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. 82.93 is the RSI value of HRTG stock.