Teekay LNG Partners Technical Analysis (NYSE:TGP)
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 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.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Teekay LNG Partners. 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 $15.33 is above the last closing price of $15.1 and the 50 day moving average of $15.93 is above the last closing price of $15.1. The 10 and 20 day periods can predict short term moving average trends.
Teekay LNG Partners Bollinger Bands
Bollinger bands comprise of a center line usually TGP SMA, and two TGP stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $15.1 is in the lower range 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
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . 27.59 is the RSI value of TGP stock.