Horizon Global Technical Analysis (NYSE:HZN)
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 Horizon Global stock price data and volume are plotted in HZN 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 Horizon Global. The technical analysis form of Horizon Global stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Horizon Global Moving Average
Moving averages show the average price of HZN stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $6.58 is below the last closing price of $7.46 and the 50 day moving average of $6.85 is below the last closing price of $7.46. The 10 and 20 day periods can predict short term moving average trends.
Horizon Global 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 HZN stock. The stock price is trading between the average and the upper band in the context of Horizon Global bollinger bands.
Horizon Global 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 Horizon Global MACD line is below the signal line.
Horizon Global Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . If the RSI of HZN stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.