Transglobe Energy Technical Analysis (NASDAQ:TGA)
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. A 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 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 Transglobe Energy stock analysis.
Transglobe Energy Moving Average:
TGA stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of Transglobe Energy chart patterns after the calculations remain the same. The 100 day moving average of 1.34 is above the last closing price of 1.15. One needs to choose the duration of a moving average depending on the investment objective and investment horizon. For periods greater than 100, it takes a larger and longer TGA stock price movement for the moving average to change course.
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. Transglobe Energy bollinger bands show that the stock price is $1.15, upper band is 4.41, lower band is 3.76, and the average is 4.09.
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 above 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. The relative strength index of TGA stock is 38.65. .