Gray Television Technical Analysis (NYSE:GTN.A)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the Gray Television 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 GTN.A stock chart which creates a trading signal.
See Gray Television bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Gray Television stock analysis that does not care for the fair value of a company but uses price and volume data only.
Gray Television Moving Average
Moving averages show the GTN.A stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Gray Television are mostly signals of long term trends and will help long term traders.
Gray Television Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Gray Television. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $10.35 is in the lower range of Gray Television bollinger bands.
Gray Television Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Gray Television MACD indicator is below 0 indicating a bearish trend.
Gray Television 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 GTN.A stock is 22.4.