Terraform Power Technical Analysis (NASDAQ:TERP)
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 Terraform Power stock price data and volume are plotted in TERP stock charts and these trading charts form the basis of technical analysis.
See Terraform Power bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Terraform Power stock analysis that does not care for the fair value of a company but uses price and volume data only.
Terraform Power Moving Average
Moving averages help predict the price direction of TERP 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 $10.51 is below the price of $11.25.
Terraform Power Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Terraform Power. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Terraform Power bollinger bands show that the stock price is $11.25, upper band is 11.2, lower band is 9.82, and the average is 10.51.
Terraform Power 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 Terraform Power MACD indicator is below 0 indicating a bearish trend.
Terraform Power 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. The relative strength index of TERP stock is 85.64.