Triumph Technical Analysis (NYSE:TGI)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. A TGI stock chart pattern can give those who understand technical analysis an indication of which way TGI stock is headed, but cannot predict with 100% certainty as to what can happen to the Triumph 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 Triumph. Technical analysis uses an approach for Triumph stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
Triumph Moving Average:
Moving averages show the TGI stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). Moving averages can be used for TGI trend identification. A rising moving average shows that stock prices are generally increasing.
Triumph Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Triumph. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the lower band in the context of Triumph bollinger bands.
Triumph 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 Triumph MACD line is below the signal line.
Triumph Relative Strength Index:
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. If the RSI of TGI stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .