TC PipeLines Technical Analysis (NYSE:TCP)
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. The TC PipeLines stock price data and volume are plotted in TCP stock charts and these trading charts form the basis of technical analysis.
See TC PipeLines bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for TC PipeLines stock analysis that does not care for the fair value of a company but uses price and volume data only.
TC PipeLines Moving Average
Moving averages help predict the price direction of TCP stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $31.56 is below the price of $32.82.
TC PipeLines 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 TCP stock. Currently the stock price of $32.82 is in the upper range of TC PipeLines bollinger bands.
TC PipeLines 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 TC PipeLines MACD line is below the signal line.
TC PipeLines Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . If the RSI of TCP stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.