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. Just by looking at the Taylor Capital 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 TAYC 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 Taylor Capital. 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 help predict the price direction of TAYC 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 $21.35 is above the last closing price of $21.05 and the 50 day moving average of $21.67 is above the last closing price of $21.05. The 10 and 20 day periods can predict short term moving average trends.
Taylor Capital 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 TAYC stock. Taylor Capital bollinger bands show that the stock price is $21.05, upper band is 21.72, lower band is 20.97, and the average is 21.35.
Taylor Capital 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 Taylor Capital MACD indicator is above 0 indicating a bullish trend.
Taylor Capital 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. 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.