Transglobe Energy Technical Analysis (NASDAQ:TGA)
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 TGA stock chart pattern can give those who understand technical analysis an indication of which way TGA stock is headed, but cannot predict with 100% certainty as to what can happen to the Transglobe Energy 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 Transglobe Energy. Technical analysis uses an approach for Transglobe Energy stock analysis that does not care for the fair value of a company but uses price and volume data only.
Transglobe Energy Moving Average
Moving averages help predict the price direction of TGA 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 $1.37 is above the price of $1.32.
Transglobe Energy Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Transglobe Energy. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $1.32 is in the lower range of Transglobe Energy bollinger bands.
Transglobe 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 Transglobe Energy MACD line is below the signal line.
Transglobe Energy Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 34.26 is the RSI value of TGA stock.