Taylor Capital Technical Analysis (NASDAQ:TAYC)
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 Taylor Capital stock price data and volume are plotted in TAYC stock charts and these trading charts form the basis of technical analysis.
See Taylor Capital bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Taylor Capital stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Taylor Capital Moving Average
Moving averages show the average price of TAYC stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $21.35 is above the price of $21.05.
Taylor Capital Bollinger Bands
Bollinger bands comprise of a center line usually TAYC SMA, and two TAYC 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. Currently the stock price of $21.05 is in the lower range of Taylor Capital bollinger bands.
Taylor Capital 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 Taylor Capital MACD indicator can be used to identify bullish and bearish trends for the stock.
Taylor Capital Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of TAYC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.