Teekay Technical Analysis (NYSE:TK)
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 TK stock chart pattern can give those who understand technical analysis an indication of which way TK stock is headed, but cannot predict with 100% certainty as to what can happen to the Teekay stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Teekay. 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 Teekay stock analysis.
Teekay Moving Average
Moving averages show the TK stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $6.69 is above the price of $6.33.
Teekay Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Teekay. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Teekay bollinger bands show that the stock price is $6.33, upper band is 7.22, lower band is 6.15, and the average is 6.69.
Teekay 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 MACD indicator is below 0 indicating a bearish trend.
Teekay 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 TK stock is 22.05.