LaSalle Hotel Technical Analysis (NYSE:LHO)
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 LaSalle Hotel stock price data and volume are plotted in LHO stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for LaSalle Hotel. The technical analysis form of LaSalle Hotel stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
LaSalle Hotel Moving Average
Moving averages help predict the price direction of LHO stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $34.69 is above the price of $34.47.
LaSalle Hotel Bollinger Bands
Bollinger bands comprise of a center line usually LHO SMA, and two LHO 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. The stock price is trading between the average and the lower band in the context of LaSalle Hotel bollinger bands.
LaSalle Hotel 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 LaSalle Hotel MACD indicator is above 0 indicating a bullish trend.
LaSalle Hotel Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of LHO stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.