Tredegar Technical Analysis (NYSE:TG)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. Just by looking at the Tredegar stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the TG stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Tredegar. Technical analysis uses an approach for Tredegar stock analysis that does not care for the fair value of a company but uses price and volume data only.
Tredegar Moving Average
Moving averages show the average price of TG stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Tredegar are mostly signals of long term trends and will help long term traders.
Tredegar Bollinger Bands
Bollinger bands comprise of a center line usually TG SMA, and two TG stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $22.5 is in the lower range of Tredegar bollinger bands.
Tredegar 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 Tredegar MACD indicator is above 0 indicating a bullish trend.
Tredegar 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 . The relative strength index of TG stock is 38.63.