Tableau Software Technical Analysis (NYSE:DATA)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. Just by looking at the Tableau Software stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the DATA stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Tableau Software. Technical analysis uses an approach for Tableau Software stock analysis that does not care for the fair value of a company but uses price and volume data only.
Tableau Software Moving Average
Moving averages help predict the price direction of DATA stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $105.48 is above the last closing price of $101.26 and the 50 day moving average of $103.58 is above the last closing price of $101.26. The 10 and 20 day periods can predict short term moving average trends.
Tableau Software Bollinger Bands
Bollinger bands comprise of a center line usually DATA SMA, and two DATA stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the lower band in the context of Tableau Software bollinger bands.
Tableau Software 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 Tableau Software MACD indicator is above 0 indicating a bullish trend.
Tableau Software Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . If the RSI of DATA stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.