Teekay LNG Partners Technical Analysis (NYSE:TGP)
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. The TGP stock chart pattern can give those who understand technical analysis an indication of which way TGP stock is headed, but cannot predict with 100% certainty as to what can happen to the Teekay LNG Partners stock price.
See Teekay LNG Partners bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Teekay LNG Partners stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Teekay LNG Partners Moving Average
Moving averages show the average price of TGP stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $17.32 is above the last closing price of $17.15 and the 50 day moving average of $17.81 is above the last closing price of $17.15. The 10 and 20 day periods can predict short term moving average trends.
Teekay LNG Partners Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Teekay LNG Partners. 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 Teekay LNG Partners bollinger bands.
Teekay LNG Partners Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Teekay LNG Partners MACD indicator is below 0 indicating a bearish trend.
Teekay LNG Partners 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 TGP stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.