Tahoe Resources Technical Analysis (NYSE:TAHO)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. Just by looking at the Tahoe Resources 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 TAHO stock chart which creates a trading signal.
You can view Simple Moving Average (SMA 20 day, 50 day & 100 day), Exponential Moving Average (EMA 20 day, 50 day & 100 day) charts, and Bollinger Bands for Tahoe Resources. The technical analysis form of Tahoe Resources stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Tahoe Resources Moving Average:
Moving averages help predict the price direction of TAHO 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 $5.43 is below the last closing price of $5.58 and the 50 day moving average of $6.41 is above the $5.58 price. The 10 and 20 day periods can predict short term moving average trends.
Tahoe Resources 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 TAHO stock. Currently the stock price of $5.58 is in the upper range of Tahoe Resources bollinger bands.
Tahoe Resources Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Tahoe Resources MACD indicator is above 0 indicating a bullish trend.
Tahoe Resources Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 56.93 is the RSI value of TAHO stock. .