Town Sports Technical Analysis (NASDAQ:CLUB)
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. The Town Sports stock price data and volume are plotted in CLUB stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Town Sports. The technical analysis form of Town Sports stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Town Sports Moving Average
Moving averages help predict the price direction of CLUB stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Town Sports are mostly signals of long term trends and will help long term traders.
Town Sports 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 CLUB stock. Currently the stock price of $8.25 is in the lower range of Town Sports bollinger bands.
Town Sports 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 Town Sports MACD line is above the signal line.
Town Sports Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of CLUB stock is 25.97.