Travelzoo Technical Analysis (NASDAQ:TZOO)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. The Travelzoo stock price data and volume are plotted in TZOO stock charts and these trading charts form the basis of technical analysis.
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 Travelzoo. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking Travelzoo stock analysis using these technical indicators helps identify trading opportunities.
Travelzoo Moving Average:
Moving averages help predict the price direction of TZOO stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. Moving averages can be used for TZOO trend identification. A rising moving average shows that stock prices are generally increasing.
Travelzoo Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Travelzoo. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $9.45 is in the upper range of Travelzoo bollinger bands.
Travelzoo 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 Travelzoo MACD indicator is below 0 indicating a bearish trend.
Travelzoo 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 TZOO stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .