Quorum Health Technical Analysis (NYSE:QHC)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. When a chart pattern that can predict future Quorum Health stock price movements is formed, the QHC stock chart can become a key tool for a technical analyst.
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 Quorum Health. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking Quorum Health stock analysis using these technical indicators helps identify trading opportunities.
Quorum Health Moving Average:
QHC stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of Quorum Health chart patterns after the calculations remain the same. The 100 day moving average of 3.98 is below the last closing price of 4.4. Moving averages can be used for QHC trend identification. A rising moving average shows that stock prices are generally increasing.
Quorum Health Bollinger Bands:
Bollinger bands comprise of a center line usually QHC SMA, and two QHC stock price bands above and below it. The stock is considered over brought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Quorum Health bollinger bands show that the stock price is $4.4, upper band is 13.92, lower band is 10.05, and the average is 11.98.
Quorum Health 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 Quorum Health MACD line is below the signal line.
Quorum Health Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. If the RSI of QHC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .