Templeton Global Income Fund Technical Analysis (NYSE:GIM)
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. The Templeton Global Income Fund Price data and volume are plotted in GIM Charts and these trading charts form the basis of technical analysis.
See Templeton Global Income Fund bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Templeton Global Income Fund Analysis that does not care for the fair value of a company but uses price and volume data only.
Templeton Global Income Fund Moving Average
Moving averages help predict the price direction of GIM 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 Templeton Global Income Fund are mostly signals of long term trends and will help long term traders.
Templeton Global Income Fund 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 GIM stock. Templeton Global Income Fund bollinger bands show that the Price is $6.19, upper band is 6.21, lower band is 6.1, and the average is 6.15.
Templeton Global Income Fund Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the Price trend, as the indicator is useful in understanding the strength, direction and momentum of the Price. The Templeton Global Income Fund MACD indicator can be used to identify bullish and bearish trends for the stock.
Templeton Global Income Fund 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 GIM stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.