TECO Energy Technical Analysis (NYSE:TE)
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 TE stock chart pattern can give those who understand technical analysis an indication of which way TE stock is headed, but cannot predict with 100% certainty as to what can happen to the TECO Energy stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for TECO Energy. Technical analysis uses an approach for TECO Energy stock analysis that does not care for the fair value of a company but uses price and volume data only.
TECO Energy Moving Average
Moving averages show the average price of TE stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $27.65 is above the last closing price of $27.64 and the 50 day moving average of $27.64 is below the last closing price of $27.64. The 10 and 20 day periods can predict short term moving average trends.
TECO Energy 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 TE stock. Currently the stock price of $27.64 is in the lower range of TECO Energy bollinger bands.
TECO Energy 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 TECO Energy MACD indicator can be used to identify bullish and bearish trends for the stock.
TECO Energy 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. 47.62 is the RSI value of TE stock.