Tower International Technical Analysis (NYSE:TOWR)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. When a chart pattern that can predict future Tower International stock price movements is formed, the TOWR 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 Tower International. Technical analysis uses an approach for Tower International stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
Tower International Moving Average:
TOWR 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 Tower International chart patterns after the calculations remain the same. The 100 day moving average of 6.86 is below the last closing price of 26.95. The 20 day moving average of $7.21 is below the last closing price of $26.95 and the 50 day moving average of $6.73 is below the $26.95 price. The 10 and 20 day periods can predict short term moving average trends.
Tower International Bollinger Bands:
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the TOWR stock. Currently the stock price of $26.95 is in the lower range of Tower International bollinger bands.
Tower International 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 Tower International MACD indicator is above 0 indicating a bullish trend.
Tower International 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. If the RSI of TOWR stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .