Hersha Hospitality Technical Analysis (NYSE:HT)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The HT stock chart pattern can give those who understand technical analysis an indication of which way HT stock is headed, but cannot predict with 100% certainty as to what can happen to the Hersha Hospitality stock price.
See Hersha Hospitality bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Hersha Hospitality stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Hersha Hospitality Moving Average
Moving averages help predict the price direction of HT 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 $23.15 is above the last closing price of $22.85 and the 50 day moving average of $22.4 is below the last closing price of $22.85. The 10 and 20 day periods can predict short term moving average trends.
Hersha Hospitality Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the HT stock. Currently the stock price of $22.85 is in the lower range of Hersha Hospitality bollinger bands.
Hersha Hospitality 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 Hersha Hospitality MACD indicator is above 0 indicating a bullish trend.
Hersha Hospitality 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 HT stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.