TCF Financial Technical Analysis (NYSE:TCF)
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 TCF Financial stock price data and volume are plotted in TCF stock charts and these trading charts form the basis of technical analysis.
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 TCF Financial. Technical analysis uses an approach for TCF Financial stock analysis that does not care for the fair value of a company but uses price and volume data only.
TCF Financial Moving Average
Moving averages help predict the price direction of TCF 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 $25.6 is above the last closing price of $24.93 and the 50 day moving average of $25.51 is above the last closing price of $24.93. The 10 and 20 day periods can predict short term moving average trends.
TCF Financial Bollinger Bands
Bollinger bands comprise of a center line usually TCF SMA, and two TCF 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 $24.93 is in the lower range of TCF Financial bollinger bands.
TCF Financial 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 TCF Financial MACD indicator can be used to identify bullish and bearish trends for the stock.
TCF Financial 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 TCF stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.