Tenneco Technical Analysis (NYSE:TEN)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The TEN stock chart pattern can give those who understand technical analysis an indication of which way TEN stock is headed, but cannot predict with 100% certainty as to what can happen to the Tenneco stock price.
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 Tenneco. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Tenneco stock analysis.
Tenneco Moving Average
Moving averages show the average price of TEN 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 $56.55 is below the last closing price of $56.76 and the 50 day moving average of $58.6 is above the last closing price of $56.76. The 10 and 20 day periods can predict short term moving average trends.
Tenneco 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 TEN stock. Currently the stock price of $56.76 is in the upper range of Tenneco bollinger bands.
Tenneco 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 Tenneco MACD indicator can be used to identify bullish and bearish trends for the stock.
Tenneco Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of TEN stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.