Gray Television Technical Analysis (NYSE:GTN)
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 Gray Television stock price data and volume are plotted in GTN stock charts and these trading charts form the basis of technical analysis.
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 help predict the price direction of GTN stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $16.21 is above the price of $15.
Gray Television Bollinger Bands
Bollinger bands comprise of a center line usually GTN SMA, and two GTN 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. Gray Television bollinger bands show that the stock price is $15, upper band is 18.2, lower band is 14.22, and the average is 16.21.
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 line is below the signal line.
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 stock is 20.