LHC Technical Analysis (NASDAQ:LHCG)
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. A LHCG stock chart pattern can give those who understand technical analysis an indication of which way LHCG stock is headed, but cannot predict with 100% certainty as to what can happen to the LHC stock price.
See LHC bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis uses an approach for LHC stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
LHC Moving Average:
Moving averages show the LHCG stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). The 20 day moving average of $61.78 is below the last closing price of $65.23 and the 50 day moving average of $64.25 is below the $65.23 price. The 10 and 20 day periods can predict short term moving average trends.
LHC 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 LHCG stock. Currently the stock price of $65.23 is in the lower range of LHC bollinger bands.
LHC Moving Average Convergence Divergence or MACD:
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The LHC MACD line is below the signal line.
LHC Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of LHCG stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .