Liberty Tax Technical Analysis (NASDAQ:TAX)

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$9.7 $0.35 (3.74%) TAX stock closing price Mar 16, 2018 (Closing)

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 Liberty Tax 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 TAX stock chart which creates a trading signal.

View technical indicators like moving averages - SMA and EMA, and bollinger bands for Liberty Tax. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Liberty Tax stock analysis.

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Liberty Tax Moving Average

Moving averages show the TAX 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 Liberty Tax are mostly signals of long term trends and will help long term traders.

Liberty Tax Bollinger Bands

Bollinger bands consist of two price bands above and below a center line for any company stock like Liberty Tax. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the upper band in the context of Liberty Tax bollinger bands.

Liberty Tax 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 Liberty Tax MACD indicator can be used to identify bullish and bearish trends for the stock.

Liberty Tax 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. The relative strength index of TAX stock is 72.8.