Hurco Technical Analysis (NASDAQ:HURC)
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 HURC stock chart pattern can give those who understand technical analysis an indication of which way HURC stock is headed, but cannot predict with 100% certainty as to what can happen to the Hurco stock price.
See Hurco bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Hurco stock analysis that does not care for the fair value of a company but uses price and volume data only.
Hurco Moving Average
Moving averages show the HURC 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 $43.53 is above the last closing price of $41.15 and the 50 day moving average of $44.36 is above the last closing price of $41.15. The 10 and 20 day periods can predict short term moving average trends.
Hurco 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 HURC stock. Hurco bollinger bands show that the stock price is $41.15, upper band is 45.72, lower band is 41.34, and the average is 43.53.
Hurco 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 Hurco MACD indicator is above 0 indicating a bullish trend.
Hurco 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 HURC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.