Hawaiian Electric Industries (HE) Technical Analysis

Hawaiian Electric Industries Inc (HE) is a company engaged in the electric utility industry. In this technical analysis of HE, we will explore various indicators and metrics to assess the stock's performance. Technical analysis involves the study of historical price and volume data to predict future price movements. One such indicator is the Relative Strength Index (RSI), which measures the speed and change of price movements. A high RSI value indicates overbought conditions, while a low value indicates oversold conditions. By analyzing HE's RSI, traders can assess whether the stock is likely to experience a price reversal.

Another important indicator is the Average Directional Index (ADX), which measures the strength of a trend. A high ADX value suggests a strong trend, while a low value implies a weak or sideways market. By analyzing HE's ADX, traders can determine the stock's trend strength and potential trading opportunities. Moving Average Convergence Divergence (MACD) is also used in technical analysis. It consists of two lines, the MACD line and the signal line. When the MACD line crosses above the signal line, it indicates a bullish signal, while a crossover below suggests a bearish signal.