TESSCO Technical Analysis (NASDAQ:TESS)
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 TESSCO stock price data and volume are plotted in TESS stock charts and these trading charts form the basis of technical analysis.
See TESSCO bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of TESSCO stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
TESSCO Moving Average
Moving averages help predict the price direction of TESS 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 $17.38 is below the last closing price of $17.9 and the 50 day moving average of $17.6 is below the last closing price of $17.9. The 10 and 20 day periods can predict short term moving average trends.
TESSCO 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 TESS stock. TESSCO bollinger bands show that the stock price is $17.9, upper band is 18.3, lower band is 16.47, and the average is 17.38.
TESSCO Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The TESSCO MACD line is above the signal line.
TESSCO Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of TESS stock is 60.