Tenneco Technical Analysis (NYSE:TEN)
Technical chart patterns are studied in depth by people who strongly believe in technical analysis. These type of investors who look at trading charts or technical stock charts are usually traders rather than value investors. A TEN stock chart pattern can give those who understand technical analysis an indication of which way TEN stock is headed, but cannot predict with 100% certainty as to what can happen to the Tenneco stock price.
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 Tenneco. 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 Tenneco stock analysis.
Tenneco Moving Average:
TEN 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 Tenneco chart patterns after the calculations remain the same. The 100 day moving average of 20.37 is below the last closing price of 65.75. Moving averages can be used for TEN trend identification. A rising moving average shows that stock prices are generally increasing.
Tenneco Bollinger Bands:
Bollinger bands comprise of a center line usually TEN SMA, and two TEN 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. Tenneco bollinger bands show that the stock price is $65.75, upper band is 37.71, lower band is 32.32, and the average is 35.01.
Tenneco Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Tenneco MACD indicator can be used to identify bullish and bearish trends for the stock.
Tenneco Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of TEN stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .