Triumph Technical Analysis (NYSE:TGI)
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. Just by looking at the Triumph 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 TGI stock chart which creates a trading signal.
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 Triumph. 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 Triumph stock analysis.
Triumph Moving Average
Moving averages help predict the price direction of TGI 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 $26.95 is below the price of $27.75.
Triumph 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 TGI stock. Currently the stock price of $27.75 is in the upper range of Triumph bollinger bands.
Triumph 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 Triumph MACD indicator is below 0 indicating a bearish trend.
Triumph 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 . 41.47 is the RSI value of TGI stock.