Timken Technical Analysis (NYSE:TKR)
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 TKR stock chart pattern can give those who understand technical analysis an indication of which way TKR stock is headed, but cannot predict with 100% certainty as to what can happen to the Timken stock price.
See Timken bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. 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 Timken stock analysis.
Timken Moving Average
Moving averages help predict the price direction of TKR stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $47.06 is below the last closing price of $47.85 and the 50 day moving average of $45.87 is below the last closing price of $47.85. The 10 and 20 day periods can predict short term moving average trends.
Timken Bollinger Bands
Bollinger bands comprise of a center line usually TKR SMA, and two TKR 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. The stock price is trading between the average and the upper band in the context of Timken bollinger bands.
Timken 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 Timken MACD indicator is above 0 indicating a bullish trend.
Timken 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. The relative strength index of TKR stock is 40.91.