Quorum Health Technical Analysis (NYSE:QHC)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the Quorum Health stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the QHC stock chart which creates a trading signal.
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 essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Quorum Health stock analysis.
Quorum Health Moving Average
Moving averages show the QHC 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 longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Quorum Health are mostly signals of long term trends and will help long term traders.
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 overbought 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 $5.15, upper band is 5.4, lower band is 4.05, and the average is 4.72.
Quorum Health 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 Quorum Health MACD indicator is below 0 indicating a bearish trend.
Quorum Health 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. 68.03 is the RSI value of QHC stock.